4419 W 162nd St, Lawndale, CA
Highly Desirable 1991 Construction Asset With 10 Two-Bedroom/One-and-One-Half-Bath Townhomes
Units Boast Sought-After Spacious Floorplans and In-Unit, Second-Floor Laundry
21 Percent Potential Upside in Rents
Subterranean Parking for 22 Cars
Located in the Strong Inland South Bay Rental Market Proximate to Beaches and the 405 Freeway
4419 West 162nd Street
The Bogie Group of Marcus & Millichap is pleased to present to market 4419 West 162nd Street, 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.