$1,135,000
$1,195,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
5 Baths
6,499 Sqft Lot
SOLD DATE : 03/18/2022
Key Details
Sold Price $1,135,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PV19270521
Sold Date 03/18/22
Bedrooms 3
HOA Y/N No
Lot Size 6,499 Sqft
Lot Dimensions 50x130
Property Description
Located in the vibrant Western Avenue corridor in the City of Gardena, this mixed-use property offers an opportunity for strong cash flow and growth potential in a location surrounded by strong commerce with global companies, an abundance restaurants and entertainment, and a thriving population. This corner lot property is situated at Western Avenue & 168th Street on a 6,499 sq.ft. lot, featuring 3,587 sq.ft. of space - 875 sq.ft. of commercial retail/office facing Western Avenue, and 2,700 sq.ft. for 9-units of residential. The unit mix consists of (1) 2/1, (2) 1/1, and (6) Studios. Plans are available to convert the residential units to (1) 2/1, (3) 1/1, and (1) Studio, garage, laundry, with space at the rear of the property for potentially up to 4 additional parking spaces. The property is in close proximity to the business rich South Bay area of Los Angeles, surrounded by aerospace, technology, entertainment, automotive, manufacturing, and just minutes from the 405 and 110 freeway, providing short easy access to Downtown LA, LAX, Los Angeles Harbor, the South Bay beach communities, as well as the new NFL stadium development in Inglewood. This premier mixed-use property brings the potential for established commercial and residential tenants in The City of Opportunity booming with growth and activity.
Located in the vibrant Western Avenue corridor in the City of Gardena, this mixed-use property offers an opportunity for strong cash flow and growth potential in a location surrounded by strong commerce with global companies, an abundance restaurants and entertainment, and a thriving population. This corner lot property is situated at Western Avenue & 168th Street on a 6,499 sq.ft. lot, featuring 3,587 sq.ft. of space - 875 sq.ft. of commercial retail/office facing Western Avenue, and 2,700 sq.ft. for 9-units of residential. The unit mix consists of (1) 2/1, (2) 1/1, and (6) Studios. Plans are available to convert the residential units to (1) 2/1, (3) 1/1, and (1) Studio, garage, laundry, with space at the rear of the property for potentially up to 4 additional parking spaces. The property is in close proximity to the business rich South Bay area of Los Angeles, surrounded by aerospace, technology, entertainment, automotive, manufacturing, and just minutes from the 405 and 110 freeway, providing short easy access to Downtown LA, LAX, Los Angeles Harbor, the South Bay beach communities, as well as the new NFL stadium development in Inglewood. This premier mixed-use property brings the potential for established commercial and residential tenants in The City of Opportunity booming with growth and activity.
Location
State CA
County Los Angeles
Area Gardena (90247)
Zoning Assessor
Exterior
Exterior Feature Wood
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Space Rent $4,825
Financing Conventional
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Bought with Noe Blanco • RE/MAX Alliance Group