816 W 167th St, Gardena, CA 90247

816 W 167th St, Gardena, CA 90247

Garde
$950

Property Description

Stiegler | Takahashi Group is pleased to present 816 167th St in Gardena – a four unit complex consisting of (3) 1-Bedroom 1-Bathroom and (1) 2-bedroom-1 Bathroom units with a total building area of 2,923 sq. ft. situated on a 7,951 sq. ft. lot. There are two separate buildings on the lot, each containing 2 units. The front unit is 1,416 sq.ft. and the rear unit is 1,516 sq.ft. The subject property is perfect for an investor or 1031 exchange client because of the strong in place income with upside in the rents. Lastly, this is an excellent opportunity with significant upside potential for an investor looking to invest in the rapidly developing City of Gardena. Buyer to verify all information.

Property Features

  • Sale Price: $950
  • Area Size: 2,932 SF
  • Land Area: 7,951 SF
  • Year Built: 1923
  • Listing Date: May 3, 2022
  • Units: 4
  • Current GRM: 14.80
  • Current Cap Rate: 4.33%
  • Market GRM: 12.18
  • Market Cap Rate: 5.71%