821-825 West 167th St, Gardena, CA 90247
Gardena, CA$3,200,000
Property Description
INVESTMENT HIGHLIGHTS
- Excellent Value-Add Deal. All Electric Property. Low Utility Expenses
- All Electric Building. Soft Story Retrofit has been completed
- Additional Covered Parking in the Rear. Corner 13,129 SF Lot
- Soft Story Completed on Tuck Under Parking & It Can be Converted into ADUs
- Huge Upside In Rental Income via Tenant Buyouts or Organic Turnover. Property is Subject to LA City Rent Control
Property Features
- Sale Price: $3,200,000
- Area Size: 13,129 SF
- Year Built: 1963
- Units: 20
- Current GRM: 11.87
- Current Cap Rate: 5.13%
- Price Per Unit: $160,000
- Market GRM: 7.89
- Market Cap Rate: 9.0%
