Five-Unit Apartment
For Sale
Contact for pricing
1127 West 164th Street, Gardena, CA 90247
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 Market67
Property Features for 1127 West 164th Street
General Information
Standard status
Active
Size
3,527 SF
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
GAR3
Occupancy
100%
Net Operating Income
$89,741
Building Details
Year Built
1962
Units
5
Tenancy
Multi
Listing Agency:
Shield Commercial Real Estate
Listed By:
Jonathan Nikfarjam · License #CA 01856803
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 13 at 4:01PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,752
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,135,040
$1.1M
Cap Rate 7%
$810,743
$810.7K
Cap Rate 9%
$630,578
$630.6K
Market Conditions
NOI Build-Up for 3,527 SF
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.
Gross rent
$112.2K $31.80/SF
− Vacancy
−$9.0K −$2.54/SF
EGI
$103.2K $29.26/SF
− OpEx
−$46.4K −$13.17/SF
NOI
$56.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,135,040
Cap Rate 7%
$810,743
Cap Rate 9%
$630,578
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 90247, CA
48,543
Population
17,076
Households
2.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
12,774
Density / Sq Mi
$73,851
Median Household Income
$37,000
Median Earnings
$1,751
Median Rent
$640,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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
