1225 W 166th St, Gardena, CA 90247
Built in 1985, this 22-unit, two-bedroom apartment community offers substantial on-site parking including private garages.
- Added:
- Jun 22, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 26 at 2:06 am
Property Features for 1225 W 166th St
General Information
- Standard status
- Active
- Size
- 26,416 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1985
Listing office Lyon Stahl Investment Real Estate (310) 259-7556
Listing date Jun 22, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
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.
- Potential to add five new 2‑bedroom / 2‑bath units without sacrificing existing parking.
- Projected additional income from added units: approx. $165,000 in additional annual gross income.
- Estimated construction cost for added units: approx. $650,000, projecting a sub‑4 GRM on cost.
Overview
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.
Local 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 | $840.0k | $31.80 |
| − Vacancy | −$67.2k | −$2.54 |
| EGI | $772.8k | $29.26 |
| − OpEx | −$347.8k | −$13.17 |
| NOI | $425.1k | $16.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gardena
- County
- Los Angeles
- State
- California
- Longitude
- -118.2964083
- Latitude
- 33.8805335
