821 W 167th Street, Gardena, CA 90247
Property
Sold October 2024
Listing Agent: Olga Wright (DRE #01315042) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 3108017373 · Bought with: Olga Wright · Lyon Stahl Investment Real Estate, Inc. · MLS #SB24155910 · Source: CRMLS
About this property
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!
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history