
Gardena, California 90247
This Triplex Residential Income property is a High-Potential Investment Opportunity, listed at $1,398,000—positioned above the $1,257,613 Fair Market Value. While priced for stability, the property features a Condition Rating of 4, offering significant upside through a potential ADU conversion and value-add renovations. With the front unit delivered vacant, this asset provides immediate flexibility for an Owner-Occupant to offset mortgage costs, or for Buy-and-Hold Investors to capitalize on long-term rental demand in a well-connected South Bay location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16021 S Dalton Avenue Subject | $1,398,000* List Price | 0 | 0 | 3,215 | $391 | - |
A 16818 S Dalton Avenue Sold | $1,300,000 | 0 | 0 | 3,094 | $420 | 0.4 mi |
B 16421 S Manhattan Place Sold | $1,505,000 | 0 | 0 | 4,130 | $364 | 0.5 mi |
C 1616 W Gardena Sold | $1,020,000 | 4 | 3 | 1,981 | $515 | 0.2 mi |
D 1616 W Gardena Sold | $1,020,000 | 0 | 0 | 1,981 | $515 | 0.2 mi |
E 1040 W 165th Pl. Sold | $1,400,000 | 0 | 0 | 4,449 | $315 | 0.7 mi |
F 1040 W 165th Place Sold | $1,400,000 | 12 | 9 | 4,459 | $314 | 0.7 mi |
G 1234 Marine Avenue Sold | $1,400,000 | 0 | 0 | 4,332 | $323 | 0.8 mi |
H 1267 W 166th Active | $1,285,000 List Price | 0 | 0 | 3,740 | $344 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this property is over 50 years old. While the exterior appears well-maintained and the listing highlights updated copper plumbing and individual meters, the age of the structure and lack of a recent full-scale renovation (within the last 15 years) suggest dated interiors and systems that will eventually require modernization.
The front 3-bedroom unit is delivered vacant, providing a rare opportunity for a buyer to utilize favorable residential financing to live in one unit while the two rear units offset the mortgage.
The existing garage configuration offers significant upside through a potential ADU conversion, allowing investors to add a fourth unit and maximize the property's density and cash flow.
The property features individually metered gas and electricity, updated copper plumbing in rear units, and seller-owned laundry, which reduces landlord expenses and simplifies utility management.
The rear units are occupied by long-term tenants, suggesting that current rents may be significantly below market value, requiring a patient strategy to realize the property's full income potential.
While the property is close to highly-rated elementary schools, the assigned middle and high schools have lower performance ratings, which may limit the long-term appeal for family-oriented tenants.
Investment opportunities with this much flexibility are few and far between. Whether you're expanding your portfolio or looking for an owner-occupied investment, this well-maintained Gardena triplex offers immediate income, future upside, and the pride of ownership that's evident throughout. The front 3-bedroom, 2-bath home will be delivered vacant at the close of escrow, creating the opportunity to immediately lease at market rent or occupy the residence while the two rear units help offset your mortgage. The rear 2-bedroom, 1-bath units are occupied by long-term month-to-month tenants, providing reliable income today with the potential for increased returns as rents are adjusted over time. For investors seeking additional value-add opportunities, the existing garage configuration may offer the potential for an ADU conversion and a fourth unit (buyer to verify), adding another avenue for future income. The property is thoughtfully configured with individually metered gas and electricity, updated copper plumbing in the rear units, private enclosed garages for each tenant, and seller-owned on-site laundry. The front home also includes three garage spaces, offering additional flexibility for storage, parking, or future possibilities. Conveniently located near the 110, 405, and 91 freeways, the property provides easy access to major employment centers throughout the South Bay and Downtown Los Angeles. Tenants will also appreciate being just blocks from Pacific Square Shopping Center and Mas Fukai Park, enhancing the property's long-term rental appeal. With immediate income, a vacant owner's unit, long-term upside, and a location that continues to attract renters, this is an investment built for both today's returns and tomorrow's potential.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 6.0 |
| Baths | 0.0 | 5.0 |
| Square foot | 3,215 | 3,684 |
| Lot Size | 7,517 | 7,501 |
| Price | $1.40M | $1.08M |
| Price per sq ft | $435 | $372 |
| Built year | 1973 | 1961 |
| HOA | $0 | $0 |
| Days on market | 15 | 86 |
Jul 7, 2026
$1,398,000
Initial Listing
Sep 23, 2003
$647,000
Public Record