Casa Galleria Apartments 4546-4550 W 173rd St 16 Unit Apartment Building $5,943,518 CAD ($371,470 CAD/Unit) 5.72% Cap Rate Lawndale, CA 90260

Marcus & Millichap is pleased to present to market Casa Galleria,
a 16-unit apartment complex located at 4550 West 173rd Street in Lawndale, California. This property 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 mile away, and the beach is a quick 10-minute drive.