Welcome to a remarkable development opportunity nestled in the thriving city of Gardena. This expansive 14,407 sqft. lot, situated in a GAR3 zone, beckons investors and developers with its vast potential. With approved plans and RTI permits in hand for six stunning 3-story Hacienda-style townhomes, this property stands as a testament to innovation and vision. The canvas is set; a meticulously graded flat lot with all public utilities primed for seamless integration. Each of the future units, spanning a generous 2,400 square feet, promises an exquisite living experience. Boasting 3 bedrooms, 3 bathrooms, balconies, laundry rooms, 2-car garages, and rooftop decks, these residences are thoughtfully designed to elevate modern living standards. Furthermore, the current property features a charming 2-bedroom, 1-bathroom house, previously utilized as an Airbnb destination and currently leased to a reliable tenant for $3,300 per month. This presents a lucrative avenue of income during the construction phase of the project, adding to the allure of this investment opportunity. Notably, being situated outside the City of Los Angeles means the property is not subject to their strict Airbnb guidelines, providing greater flexibility for rental strategies.Conveniently situated within short distance to schools, shops, and entertainment, this location epitomizes the essence of urban convenience while maintaining a serene residential ambiance. Residents will relish in the proximity to esteemed institutions such as Harbor UCLA Medical Center, Westfield Mall, and the renowned SpaceX headquarters, as well as easy access to the freeway and the picturesque beaches. Close proximity to the upcoming venues for the 2026 FIFA World Cup, and LAX Airport. Moreover, construction services can be provided at a highly competitive price, ensuring maximum return on investment. With an estimated 9% cap rate yearly, and projected rents aligning with market demands, this opportunity offers a compelling proposition for astute investors seeking long-term profitability.
|
DAYS ON MARKET
|
210
|
LAST UPDATED
|
9/9/2024
|
|
YEAR BUILT
|
1951
|
COMMUNITY
|
McCarthy
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to May 21, '24
|
$2,199,998
|
|
May 21, '24 - Sep 9, '24 |
$1,899,000
|
| Sep 9, '24 - Today |
$1,799,000 |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Dryer, Refrigerator, Washer |
| AREA |
McCarthy |
| GARAGE |
Door-Multi, Garage, Yes |
| HEAT |
Central |
| LOT |
0.33 acre(s) |
| LOT DIMENSIONS |
62x232 |
| PARKING |
Door-Multi,Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
3 |
| ZONING |
GAR3 |
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Listed with Compass
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/1/24 8:33 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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