Detailed Introduction Of This Home
Welcome to 1625 W 162nd St. in the amazing city of Gardena! This exceptional property boasts four spacious 2-bedroom, 1-bathroom units, each with in-unit laundry connections, and occupied by long-term, responsible tenants who consistently pay rent on time. Generating a monthly rental income of $6,405, this property offers a great ROI topped by appreciation potential in a highly-desirable area. Nestled on a generously sized lot spanning over 10,000 square feet, this property also presents an attractive opportunity for future development potential thanks to its R3 zoning. With five single-car garages and ample driveway space, both tenants and visitors will enjoy convenient parking options. Another standout feature of these units is the presence of outdoor areas for each unit, whether it's a private front yard area or side/rear yard. Tenants can relish in the luxury of outdoor space, adding to the overall appeal and desirability of these units. The location of this property is truly remarkable. Situated in a highly sought-after part of Central Gardena, residents have the advantage of being within walking distance to an array of amenities. Within walking distance, you have the Snack Spot local market, Denker Ave Elementary School, Gardena City Hall, Gardena Library, Police Department, and Fire Department all fostering a strong sense of community and security. Gardena is also renowned for its diverse and vibrant dining scene, and this property is ideally positioned to take full advantage of the multitude of options lining Western Ave and Redondo Beach Blvd. Historically, these units have maintained impressively low vacancy rates, owing to their attractive features, prime location, and desirable neighborhood. This property represents an excellent opportunity for the astute investor seeking a reliable income stream with long-term, hassle-free tenancy. Don't miss out on the chance to own this gem in Gardena. With its impressive income potential, future development possibilities, and prime location near amenities, schools, and an abundance of dining options, this property won't stay on the market for long.