Five-Unit Apartment
1127 West 164th Street Gardena, CA 90247
For Sale
Contact for pricing
Five-unit apartment building features a mix of townhouse and apartment layouts, on-site laundry, and five garage parking spaces.
Property Size3,527 SF
Price / SF$452.23
Days on Market46
Property Features for 1127 West 164th Street
General Information
- Standard status
- Active
- Size
- 3,527 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing Agency:
Shield Commercial Real Estate
Listed By:
Jonathan Nikfarjam · License #CA 01856803
Source:
Crexi
Added: Jun 9
Changed: Jul 22
Last Checked: Jul 23 at 4:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shield Commercial Real Estate
Investment Insights
Based on property information with market context.
This five-unit apartment building includes one 3-bedroom/2-bathroom townhouse unit, two 2-bedroom/1-bathroom units, one 1-bedroom/1-bathroom unit, and one studio/1-bathroom unit. The property also provides an on-site laundry facility and includes five garage parking spaces.
Located at 1127 West 164th Street in Gardena, the asset sits on a 6,315-square-foot lot. The property is described as south of Redondo Beach Boulevard and approximately half a mile from Artesia Boulevard and Pacific Square Shopping Center, with proximity to local retail, restaurants, entertainment, and shopping.
The asset is reported as 3,527 square feet and is offered with provided in-place and pro-forma financial metrics, including a current cap rate of 5.63% and pro-forma cap rate of 6.64%, along with current and pro-forma GRM figures of 12.20 and 10.82. The listing notes Gardena is not subject to local rent control and has Rent Mediation.
Located at 1127 West 164th Street in Gardena, the asset sits on a 6,315-square-foot lot. The property is described as south of Redondo Beach Boulevard and approximately half a mile from Artesia Boulevard and Pacific Square Shopping Center, with proximity to local retail, restaurants, entertainment, and shopping.
The asset is reported as 3,527 square feet and is offered with provided in-place and pro-forma financial metrics, including a current cap rate of 5.63% and pro-forma cap rate of 6.64%, along with current and pro-forma GRM figures of 12.20 and 10.82. The listing notes Gardena is not subject to local rent control and has Rent Mediation.
Key Highlights
- 5‑unit apartment building built in 1962 with 3,527 SF total living area on a 6,315 SF lot
- Unit mix includes one 3BD/2BA townhouse, two 2BD/1BA units, one 1BD/1BA unit, and one studio/1BA unit
- On‑site laundry facility plus five garage parking spaces for tenant parking
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.2k | $31.80 |
| − Vacancy | −$9.0k | −$2.54 |
| EGI | $103.2k | $29.26 |
| − OpEx | −$46.4k | −$13.17 |
| NOI | $56.8k | $16.09 |
3,527 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$810.7K
$709.4K – $945.9K
NOI $56,752 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,184 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit apartment building features a mix of townhouse and apartment layouts, on-site laundry, and five garage parking spaces.
Where is this apartment building located?
The property is located at 1127 West 164th Street Gardena, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 5‑unit apartment building built in 1962 with 3,527 SF total living area on a 6,315 SF lot; Unit mix includes one 3BD/2BA townhouse, two 2BD/1BA units, one 1BD/1BA unit, and one studio/1BA unit; On‑site laundry facility plus five garage parking spaces for tenant parking
