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Rick J Lee

rjlrealtygroup@gmail.com +1(714) 943-1598

$ 3,200,000

Est. payment -/mo

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Active Under Contract

821 W 167th ST Gardena, CA 90247

12,434 SqFt

UPDATED:

09/30/2024 06:23 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 12,434 sqft

Price per Sqft $257

MLS Listing ID SB24155910

HOA Y/N No

Year Built 1963

Lot Size 0.301 Acres

Acres 0.3014

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

Fireplace No

Laundry Common Area

Exterior

Garage Covered

Garage Spaces 4.0

Carport Spaces 10

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks, Urban

Utilities Available Sewer Available

Parking Type Covered

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

Special Listing Condition Standard

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

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

Rick J Lee

821 W 167th ST Gardena, CA 90247

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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821 W 167th ST