Oversized Two-Bedroom Apartment
For Sale
$6,990,000
1225 W 166th, Gardena, CA 90247
Built in 1985, this 22-unit, two-bedroom apartment community offers substantial on-site parking including private garages.
Property Size26,416 SF
Days on Market111
Property Features for 1225 W 166th
General Information
Standard status
Active
Size
26,416 SF
Total Parking Spaces
28
Property subtype
Apartment
Occupancy
100%
Additional Details
Multifamily Units
22
Building Details
Building Size
26,416 SF
Year Built
1985
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Cameron Samimi · License #02035763
(310) 259-7556
Source:
Archetyperealty
Added: Jun 23
Changed: Oct 7
Last Checked: Oct 10 at 1:36AM
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 Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
Constructed in 1985, this 22-unit multifamily property features spacious two-bedroom, two-bathroom apartment homes. The community is fully leased and has been professionally maintained. Ownership has extensively renovated 15 of the 22 units, providing immediate operational strength with additional room for continued improvement.
The property is positioned at 1225 W. 166th Street in Gardena, offering abundant parking for residents and guests. There are 22 private garages plus 28 additional on-site parking spaces, supporting convenient day-to-day access for tenants.
For buyers considering future expansion, the asset is described as having unique additional unit potential that would allow for five new two-bedroom, two-bathroom units without sacrificing existing parking. The remarks estimate approximately $165,000 in additional annual gross income and approximately $650,000 in construction cost for the proposed additions. With the community currently fully leased, this combination of in-place unit mix, renovations, and on-site parking is intended to support strong day-to-day operations while accommodating an additional unit plan.
The property is positioned at 1225 W. 166th Street in Gardena, offering abundant parking for residents and guests. There are 22 private garages plus 28 additional on-site parking spaces, supporting convenient day-to-day access for tenants.
For buyers considering future expansion, the asset is described as having unique additional unit potential that would allow for five new two-bedroom, two-bathroom units without sacrificing existing parking. The remarks estimate approximately $165,000 in additional annual gross income and approximately $650,000 in construction cost for the proposed additions. With the community currently fully leased, this combination of in-place unit mix, renovations, and on-site parking is intended to support strong day-to-day operations while accommodating an additional unit plan.
Key Highlights
- Built in 1985: 22‑unit apartment community with all units configured as 2‑bedroom / 2‑bath.
- Fully leased and professionally maintained, with extensive renovations completed in 15 of the 22 units.
- Strong parking ratio: 22 private garages plus 28 on‑site parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$425,055
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,501,100
$8.5M
Cap Rate 7%
$6,072,214
$6.1M
Cap Rate 9%
$4,722,833
$4.7M
Market Conditions
NOI Build-Up for 26,416 SF
Gross rent
$840.0K $31.80/SF
− Vacancy
−$67.2K −$2.54/SF
EGI
$772.8K $29.26/SF
− OpEx
−$347.8K −$13.17/SF
NOI
$425.1K $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 Rate 5%
$8,501,100
Cap Rate 7%
$6,072,214
Cap Rate 9%
$4,722,833
Alternative Uses
Best Use
Apartment 5plus
$6.07M
$5.31M – $7.08M
NOI $425,055 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.14M
$12.38M – $16.50M
NOI $990,012 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1985, this 22-unit, two-bedroom apartment community offers substantial on-site parking including private garages.
Where is this apartment building located?
The property is located at 1225 W 166th Gardena, CA.
What is the asking price?
The asking price for this property is $6,990,000.
What are key features of this property?
This property features: Built in 1985: 22‑unit apartment community with all units configured as 2‑bedroom / 2‑bath.; Fully leased and professionally maintained, with extensive renovations completed in 15 of the 22 units.; Strong parking ratio: 22 private garages plus 28 on‑site parking spaces.
