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Listed by Steven Bogoyevac, DRE #01332755 • Steven M. Bogoyevac, Broker
$ 4,195,000
Est. payment /mo
Contingent
4550 W 173rd Lawndale, CA 90260
0.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRPW26149854
Year Built 1958
Lot Size 0.263 Acres
Source California Regional MLS
Property Description
Casa Galleria, a 16-unit apartment complex located at 4550 West 173rd Street in Lawndale, California, presents a great opportunity to acquire a thoughtfully maintained asset in the desirable inland South Bay rental market, where easy access to beaches, employers, and freeway proximity contribute to consistent rental demand. Casa Galleria consists of two eight-unit apartment buildings with all one-bedroom/one-bath units, as well as a management office. The property gleams with new exterior paint, landscaping and exterior lighting, and units have been renovated upon turnover with modern interiors. 11 of 16 units have been renovated. Furthermore, the roofs are newer and the parking lot is repaved. The units are separately metered for gas and master metered for electric and water; a RUBS program is in place to recoup utility costs and maximize net operating income. The property is located just around the corner from the South Bay Galleria, which is undergoing a multimillion-dollar project that will redevelop a portion of the site to a mixed-use asset, signaling renter demand for the area. In addition to Galleria retailers, Casa Galleria residents enjoy convenient proximity to amenities, freeways, and recreation: Target and Sprouts are a half-mile away, the 405 Freeway is only a
Location
State CA
County Los Angeles
Area 113 - South Lawndale
Interior
Laundry Community Facility
Exterior
Garage Spaces 16.0
Pool None
Building
Water District - Public
Others
Tax ID 4081025039
Special Listing Condition Not Applicable , Accepting Backups
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