Gardena, CA 90247,821 W 167th ST
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Gardena, CA 90247,821 W 167th ST
Gardena, CA 90247,821 W 167th ST
Gardena, CA 90247,821 W 167th ST
Gardena, CA 90247,821 W 167th ST

$3,050,000

Est. payment /mo

$3,200,000

4.7%
Est.Price: ?

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821 W 167th ST Gardena, CA 90247

0.3 Acres Lot

SOLD DATE : 10/31/2024

Key Details

Sold Price $3,050,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSB24155910

Sold Date 10/31/24

Originating Board California Regional MLS

Year Built 1963

Lot Size 0.301 Acres

Property Description

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!

Location

State CA

County Los Angeles

Area 116 - North Gateway

Interior

Laundry Laundry Area

Exterior

Parking Features Covered Parking

Garage Spaces 14.0

Pool None

Building

Water District - Public

Others

Tax ID 6121007024

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
Bought with Olga Wright
agent

Luis Vasquez

Agent | License ID: 02083319

+1(650) 200-8722

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