1323 West 168th Street

Gardena, CA 90247

$1,425,000
Last Sold Price
9
Beds
5
Baths
3,780 Sq. Ft.
$377 / Sq. Ft.
3,780
Sq. Ft.
$377
per Sq. Ft.

Description

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...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.
  1. Listed by Jonathan Weir • DRE #02038545 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1323 West 168th Street

Zoning
GAR3
Parcel Number
6111010044
Total Units
7.0
Living Area
3780
Source Living Area
Vendor Enhanced
Area
Central Gardena (119)
Vacancy Rate
1 unit
Lot Size Area
8689

Location

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Sold By Marcus & Millichap, Jonathan Weir, DRE #02038545

Add your commute
LISTING UPDATED: 05/26/2023 04:10 PM

Property Details for 1323 West 168th Street

StatusSold
MLS #23-251974
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.20 AC / 8,689 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Sold By Marcus & Millichap, Jonathan Weir, DRE #02038545

Add your commute

Building Information for 1323 West 168th Street

Stories-Residences-Year Built1962Building Size-Lot Size0.20 AC / 8,689 SF

Payment Calculator

$8,853 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,777

Property Taxes

$1,076

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1323 West 168th Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $134,186
  • Net Operating Income: $83,300.00
  • Gross Income: $134,186
  • Cap Rate: 5.37%
  • Gross Rent Multiplier: $11.55
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 48360
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1995
  • Lot Size Square Feet: 8689
Parking Details
Parking Details
  • Parking Garage: Carport, Garage
  • Total Parking: 6
  • Garage Spaces Total: 2
  • Carport Spaces Total: 4
  • Parking Features: Carport, Garage
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-17-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,055.00
  • Unit Actual Rent: $1,055.00
  • Unit Projected Rent: $1,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,133.00
  • Unit Actual Rent: $1,133.00
  • Unit Projected Rent: $1,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,055.00
  • Unit Actual Rent: $1,055.00
  • Unit Projected Rent: $1,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,680.00
  • Unit Actual Rent: $1,680.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,662.00
  • Unit Actual Rent: $1,662.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,680.00
  • Unit Actual Rent: $1,680.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $445,587.00
  • Assessed Improvement Percent: 47.37
  • Assessed Land Value: $495,097.00
  • Assessed Land Percent: 52.63
  • Assessed Total Value: $940,684.00

Property History for 1323 West 168th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1323 West 168th Street

Taxable ValueLand$504,998Additions$454,498Total$959,496
Tax Record2023$12,914 ($1,076 / month)
Home Facts
Total Finished SqFt3,780 SqFtAbove Grade Finished SqFt3,780 SqFtLot Size8,689 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningGAR3CountyLOS ANGELESAPN6111-010-044

Schools near 1323 West 168th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Denker Avenue Elementary School
PublicK to 5

New Designs Charter School-Watts
Charter6 to 12

Gardena Senior High School
Public9 to 12

Moneta Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.