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4419 W 162nd Street

Lawndale, CA 90260
  • $5,850,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: PW21222955
UPDATED: 157 min ago
$5,850,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1991
County:

School Ratings & Info

Description

4419 West 162nd Street is a highly desirable 1991 construction 10-unit apartment property in Lawndale, California. This offering presents an excellent opportunity for an investor to acquire a newer construction asset with a sought-after unit mix, great location proximate to beaches in a strong rental market, and 21 percent potential upside in rents.The asset consists of two five-unit buildings that offer a sought-after mix of all two-bedroom/one-and-one-half-bath townhome units with spacious floorplans and in-unit laundry on the second floor. All 10 sets of washers/dryers, as well as 10 stoves and 10 garbage disposals will be included in the sale. The property also features controlled access and subterranean parking for 22 cars.4419 West 162nd Street is located in the very strong inland South Bay rental market, where vacancy rates have held consistently low and rental rates continue to rise. The property is well-located within this submarket directly across from a park, proximate to the 405 Freeway, offering easy access to nearby employment centers, less than a mile from the South Bay Galleria, a regional shopping destination, and alluringly near local beaches; both the Hermosa Beach and Manhattan Beach piers are a short 10-15 minute drive away.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T00:26:54.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/122179079
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4419 W 162nd Street Lawndale, CA 90260

  • Price: $5,850,000
  • Status: Active
  • Updated: 157 min ago
  • ID#: PW21222955
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1991
Built
Neighborhood:
113 - South Lawndale
County:
Los Angeles
Area:
113 - South Lawndale
Property Description
4419 West 162nd Street is a highly desirable 1991 construction 10-unit apartment property in Lawndale, California. This offering presents an excellent opportunity for an investor to acquire a newer construction asset with a sought-after unit mix, great location proximate to beaches in a strong rental market, and 21 percent potential upside in rents.The asset consists of two five-unit buildings that offer a sought-after mix of all two-bedroom/one-and-one-half-bath townhome units with spacious floorplans and in-unit laundry on the second floor. All 10 sets of washers/dryers, as well as 10 stoves and 10 garbage disposals will be included in the sale. The property also features controlled access and subterranean parking for 22 cars.4419 West 162nd Street is located in the very strong inland South Bay rental market, where vacancy rates have held consistently low and rental rates continue to rise. The property is well-located within this submarket directly across from a park, proximate to the 405 Freeway, offering easy access to nearby employment centers, less than a mile from the South Bay Galleria, a regional shopping destination, and alluringly near local beaches; both the Hermosa Beach and Manhattan Beach piers are a short 10-15 minute drive away.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 10 Parking Total 22 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Appliances DryerWasher Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Suburban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 256500 Gross Scheduled Income 256500 Insurance Expense 0 Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 147518 New Construction YN No Number Of Separate Gas Meters 10 Number Of Separate Water Meters 0 Operating Expense 101287 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lnr3py

Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and David O'keefe of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T00:26:54.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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