Single-Story Triplex with
For Sale
$1,190,000
1234 W 163rd, Gardena, CA 90247
Three residential units in two structures, with recent updates and convenient access to Gardena amenities.
Property Size1,952 SF
Lot Size0.15 Acres
Price / SF$609.63
Days on Market49
Property Features for 1234 W 163rd
General Information
Standard status
Active
Size
1,952 SF
Lot size
0.15 Acres
Property subtype
Triplex
Zoning
R3
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1.5BA, 2 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
1,952 SF
Year Built
1961
Buildings
2
Stories
1
Construction
Spanish-style
Tenancy
Multi
Listing Agency:
Credent Real Estate
Listed By:
John Seo · License #02002677
(310) 627-7201
Source:
Truthrealty
Added: Sep 3
Changed: Oct 18
Last Checked: Oct 19 at 4:11PM
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 Credent Real Estate
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Investment Insights
Based on property information with market context.
This single-level triplex comprises two separate structures on a 6,747 sf R3 lot. The front residence provides 2 bedrooms, 1.5 baths, and 912 square feet, while the rear structure contains two 1-bedroom, 1-bath units measuring 520 sf each. The front unit received an interior upgrade less than two years ago, and one rear unit was also recently updated. The property was built in 1961 and offers 5 or more surface parking spaces, with carport and outdoor areas serving the individual units.
The property is within walking distance of the library, city community center, and downtown Gardena. Highway access includes 110, 405, and 91. Two units are occupied under month-to-month leases, while the third is subject to a yearly lease. Tenants pay utilities except for water, trash, and sewer associated with the two rear units.
The property is within walking distance of the library, city community center, and downtown Gardena. Highway access includes 110, 405, and 91. Two units are occupied under month-to-month leases, while the third is subject to a yearly lease. Tenants pay utilities except for water, trash, and sewer associated with the two rear units.
Key Highlights
- Three‑unit layout across two separate single‑story structures
- Front unit: 2 bed/1.5 bath and 912 square foot
- Two rear units: 1 bed/1 bath and 520 sf each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,089
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,780
$681.8K
Cap Rate 7%
$486,986
$487.0K
Cap Rate 9%
$378,767
$378.8K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$52.7K $27.00/SF
− Vacancy
−$4.0K −$2.05/SF
EGI
$48.7K $24.95/SF
− OpEx
−$14.6K −$7.48/SF
NOI
$34.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,780
Cap Rate 7%
$486,986
Cap Rate 9%
$378,767
Alternative Uses
Best Use
Multifamily LT 5
$487.0K
$426.1K – $568.2K
NOI $34,089 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$448.7K
$392.6K – $523.5K
NOI $31,409 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$1.05M
$914.5K – $1.22M
NOI $73,157 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,277
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units in two structures, with recent updates and convenient access to Gardena amenities.
Where is this triplex located?
The property is located at 1234 W 163rd Gardena, CA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Three‑unit layout across two separate single‑story structures; Front unit: 2 bed/1.5 bath and 912 square foot; Two rear units: 1 bed/1 bath and 520 sf each
