Beds9
Baths5
Sq.Ft.3,780
Year1962
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Status:
Active
Property Type:Residential Income (Multi-Family)
MLS #:23251974
Sq. Feet:3,780
On Site:10 Days
Lot Size:8,689 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Jonathan Weir
Office:Marcus & Millichap
We are pleased to present 1323 West 168th Street, a 5-unit investment property in Gardena, California. The property is located between Normandie and Berendo Avenues blocks from the 110 Freeway. This area is a solid majority-renter market with low vacancy rates. 1323 West 168th Street consists of three 1 bedroom 1 bathroom (nonconforming) units and four 2 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers five single car garages plus surface parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.
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Community Information
Address:1323 W 168th St, Gardena, CA 90247
County:Los Angeles
City:Gardena
Zip Code:90247
Architecture
Bedrooms:
9
Bathrooms:
5
Year Built:1962
Building Area: 3780.0
Number of Buildings: 2
Total Units: 7
Unit 1: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,055 actual rent • $1,055 total rent • $1,250 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,133 actual rent • $1,133 total rent • $1,250 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,055 actual rent • $1,055 total rent • $1,250 pro forma
Unit 4: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $2,495 actual rent • $2,495 total rent • $2,495 pro forma
Unit 5: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,680 actual rent • $1,680 total rent • $2,250 pro forma
Unit 6: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,662 actual rent • $1,662 total rent • $2,250 pro forma
Unit 7: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $1,680 actual rent • $1,680 total rent • $2,250 pro forma
Garage Spaces: 2.0
Carport Spaces: 4.0
Parking Features: Carport, Garage
Parking Total: 6.0
Features / Amenities
Appliances: Refrigerator
Heating: Wall Furnace
Property Features
Lot Size:
0.2 Acres / 8,689 Sq. Ft.
Zoning:GAR3
Directions:168th St & S. Normandie Ave
Tax and Financial Info
Cap Rate: 4.55
Gross Income: $129,120
Net Operating Income: $78,632
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1323 W 168th St Gardena, CA 90247
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Based on information from California Regional Multiple Listing Service, Inc. as of March 26, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
