1040 W. 165th Pl.
Gardena, CA 90247
$1,650,000
This four unit income property offers a VACANT OWNER UNIT, strong rental profile with ample on site parking for up to 9 vehicles, a rare feature in Gardena. Built in 1988, it combines solid construction with zoning that allows both stable cash flow today and redevelopment potential tomorrow.
Property Overview
12 Beds / 9 Baths
(Tax: 9 Beds / 9 Baths)4,449 ft² Building
6,302 ft² Lot$370.87 / ft²Built: 19888 Car Covered Parking
1 Car Off Street ParkingZoning: GAR3
(medium density, redevelopment potential)
Located just minutes from the 110, 91, and 405 freeways, the property provides residents with unmatched convenience to major employment centers across Los Angeles, Long Beach, and the South Bay. Tenants enjoy being close to shopping and dining at Del Amo Fashion Center, outdoor activities at Alondra Park and Golf Course, and the beaches only a short drive away.Families are served by local LAUSD schools, with higher education options nearby including El Camino College and California State University Dominguez Hills. With a rare combination of a vacant unit, abundant parking, and prime central location, 1040 W 165th Place delivers immediate rental income potential alongside long-term growth opportunities for investors and owner occupiers alike.
4 Units
Unit 1
4 Bed / 3 Bath
(Vacant, potential to split off a studio unit)Unit 2
3 Bed / 2 Bath
(2 of 3 bedrooms rented)Unit 3
3 Bed / 2 Bath
(1 of 3 bedrooms rented)Unit 4
2 Bed / 2 Bath
(Single tenant rents whole unit)
Rent Roll
Building starting to clear out because the building is being offered for sale, leaving new owner more opportunity.Actual Column is the current state of income with several vacant bedrooms and Unit 1 entirely vacant.Prior to listing column is from December 2024 before the decision to sell was known to the tenants.
| Unit | Actual | Prior to Listing | Market Rate |
|---|---|---|---|
| Unit 1 | $0 | $3,960 | $4,000 |
| Unit 2 | $1,880 | $2,640 | $2,900 |
| Unit 3 | $780 | $1,660 | $2,900 |
| Unit 4 | $2,170 | $2,170 | $2,500 |
| Total | $6,470 | $10,430 | $12,300 |
| Metrics | Actual | Prior to Listing | Market |
|---|---|---|---|
| Gross Income | $77,640 | $125,160 | $147,600 |
| Expenses | $20,000 | $20,000 | $20,000 |
| NOI | $57,640 | $105,160 | $127,600 |
| Cap Rate | 2.30% | 6.37% | 7.73% |
| GRM | 28.47 | 13.18 | 11.18 |
| Expense Ratio | 34.51% | 15.98% | 13.55% |
Roof View
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