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$3,050,000

$3,200,000 4.7%

Est. payment - /mo

0.3 Acres Lot

Sold on 10/31/2024

821 W 167th ST Gardena, CA 90247

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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Key Details

Sold Price $3,050,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24155910

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

Zoning LAR3

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Laundry Common Area

Exterior

Garage Covered

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks, Urban

Utilities Available Sewer Available

Building

Lot Description Near Public Transit, Rectangular Lot, Walkstreet

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc. • 3108017373
Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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