Gardena, CA 90247 821 W 167th Street
$3,200,000
34 more
Presented By: Olga Wright with Lyon Stahl Investment Real Estate, Inc.; 3108017373
Beds • 24
Baths • 5
SQFT • 12,434
Garage • 4
Home Details
Huge value-add opportunity in a high-demand rental pocket of Gardena PO (subject to LA City rent control). Property consists of two 10-unit apartment buildings on adjacent APNs - 821 & 825 W 167th St in Gardena. Each building has excellent unit mix of 1 Single, 1 Two-Bedroom, 1 Three-Bedroom and 7 One-Bedrooms. All electric property with low utility expenses. Roof has been replaced 10 years ago ago; Soft Story on the 2 tuck under parking has been completed and it can be converted into ADUs (Buyer to verify with the City). Property has additional covered parking in the rear of the property and on-site Laundry for tenants' convenience. Currently collecting $22,272/mo in rents property has huge upside in rents. About eight units have been updated with vinyl flooring and new kitchen appliances; the rest are original. Property is first time on the market in over 30 years!
Presented By: Olga Wright with Lyon Stahl Investment Real Estate, Inc.; 3108017373
Interior Features for 821 W 167th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 821 W 167th Street
Additional Parcels Description6121007023
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.1
Carport Spaces10.0
Carport Y/NYes
CityGardena
Community FeaturesStreetLights, Sidewalks, Urban
CountyLos Angeles
Days on Market36
DirectionsSouth of Gardena Blvd; East of Vermont Ave; Just off FWY-110
Entry Location1
Expected Active Date 2024-08-02
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income261576.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense15000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet13129.0
Lot Size UnitsSquareFeet
MLS Area116 - North Gateway
MobileHomeRemainsYNNo
Net Operating Income164251.0
New ConstructionNo
Number of Units Leased20
NumberOfUnitsTotal20
Operating Expense97325.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Tax Lot22
Taxes$38,400
Tenant PaysElectricity
TermsCashtoNewLoan
Total Actual Rent22266.0
Trash Expense0.0
UtilitiesSewerAvailable
View Y/NNo
Water Sewer Expense11000.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningLAR3
Exterior for 821 W 167th Street
Building Area Total12434.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPublicTransit, RectangularLot, Walkstreet
Lot Size Acres0.3014
Lot Size Area13129.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters20
Number of Separate Gas Meters0
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCovered
SpaNo
Total Parking14.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480