About 821 167th Street
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!
Features of 821 167th Street
| MLS® # | SB24155910 |
|---|---|
| Price | $3,200,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Acres | 0.30 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active Under Contract |
Community Information
| Address | 821 167th Street |
|---|---|
| Area | 116 - North Gateway |
| City | Gardena |
| County | Los Angeles |
| Zip Code | 90247 |
Amenities
| Utilities | Sewer Available |
|---|---|
| Parking Spaces | 14 |
| Parking | Covered |
| # of Garages | 4 |
| Garages | Covered |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Near Public Transit, Rectangular Lot, Walkstreet |
|---|
Additional Information
| Date Listed | July 30th, 2024 |
|---|---|
| Days on Market | 73 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Olga Wright |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |