4419 W 162ND ST Lawndale, CA 90260

$5,850,000

Bedrooms

Total Baths

Full Baths

10,430

Square Feet

0.22

Acres

1991

Year Built

14 days

On Website

Active

Status

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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Details


Interior
Living Area
10,430 SqFt.

Building And Construction
Number Of Units Total
10
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1991

Exterior And Lot
Lot Size Acres
0.2206
Lot Size Square Feet
9611
Lot Size Units
Square Feet
Parking Total
22
Zoning
LNR3PY

Area And Schools
City
Lawndale
County Or Parish
Los Angeles

Financial Info
Buyer Agency Compensation
1.5%

Listing By Steven M. Bogoyevac, Broker – Steven Bogoyevac

MLS# PW21222955

Data Last Updated 12:14AM - 10/21/2021

California Regional MLS

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© 2021 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. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

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