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
Gardena, CA 90247,821 W 167th ST
Gardena, CA 90247,821 W 167th ST
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$3,050,000

$3,200,000

4.7%
Est.Price: ?

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Est. payment /mo

0.3 Acres Lot


SOLD DATE : 10/31/2024

Key Details

Sold Price $3,050,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24155910

Sold Date 10/31/24

HOA Y/N No

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

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Covered

Garage Spaces 4.0

Carport Spaces 10

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks, Urban

Utilities Available Sewer Available

Total Parking Spaces 14

Private Pool No

Building

Lot Description Near Public Transit, Rectangular Lot, Walkstreet

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6121007024

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
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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