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1452 W 132nd Street, Gardena, California 90249, Gardena, 90249 - 3 bed, bath

1452 W 132nd Street, Gardena, California 90249 home-pic-0
ACTIVE$799,000
1452 W 132nd Street, Gardena, California 90249
3Beds
0Bath
1,408Sqft
7,937Lot
Year Built
1952
Close
-
List price
$799K
Original List price
$950K
Price/Sqft
$567
HOA
-
Days on market
-
Sold On
-
MLS number
SR24161490
Home ConditionPoor
Features
ViewCity Lights,Neighborhood

About this home

Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,6 Pros. Rank: price - $799.0K(50th), sqft - 1408(56th), beds - 3(50th), baths - undefined(2th).

EXCELLENT OPPORTUNITY!!! This versatile mixed-use property offers a prime opportunity for both commercial and residential use with the potential for significant returns in both markets, conveniently located to I-110 & I-405 freeways, transportations, restaurants & shops. The large lot allows for additional parking, future expansion, or outdoor amenities, making it a valuable asset for enhancing functionality and attractiveness. Situated in a well-trafficked area of Gardena, the property benefits from high visibility and easy access to major roads and public transportation, increasing its appeal for both business operations and residential living. Growth Potential: It offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity, offering strong prospects for appreciation and income generation due to ongoing local growth and demand.

Condition Rating
Poor
The property was built in 1952, making it 72 years old. There are no interior images provided, particularly for the kitchen and bathrooms, which are critical areas for assessing condition. The exterior images show a dated structure with older siding and a neglected lawn, suggesting a lack of recent maintenance or updates. Without any indication of major renovations, it's highly probable that the interior, including major systems and finishes, is significantly outdated and requires substantial repairs and rehabilitation to meet current standards. The listing description focuses on 'opportunity' and 'potential,' often implying significant work is needed on the existing structure.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7937, living area = 1408.
Versatile Mixed-Use Potential: The property is advertised as a versatile mixed-use opportunity, allowing for both commercial and residential applications, which can appeal to a broader range of buyers and investment strategies.
Strategic Location & Accessibility: Conveniently located with high visibility and easy access to major freeways (I-110 & I-405), public transportation, restaurants, and shops, enhancing its appeal for both business and residential occupants.
Large Lot Size: The generous 7,937 sqft lot provides ample space for additional parking, future expansion, or the development of outdoor amenities, adding significant value and flexibility.
Strong Investment & Growth Potential: Positioned as an excellent opportunity for various investors (first-time, seasoned, 1031 exchange) with strong prospects for appreciation and income generation due to ongoing local growth and demand.
Significant Price Reduction: The property has seen a substantial price reduction from its original list price of $949,999 to $799,000, indicating increased seller motivation and potentially better value for prospective buyers.

Cons

Overpriced Relative to Estimated Value: The current listing price of $799,000 is 26% higher than the estimated property value of $589,821, suggesting it may still be significantly above market value.
Extended Time on Market: The property has been active on the market since August 2024, indicating a prolonged selling period which might suggest challenges in attracting buyers or an initial overpricing strategy.
Discrepancy in Property Type: Despite being described as a 'mixed-use property' with commercial potential, the official property type is listed as 'Residential' and 'Single Family Residence,' which could lead to zoning confusion, financing limitations, or restrict actual commercial use.

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