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    Property profile & analytics

    703 129th St Gardena, CA 90247-1701

    • Apartment buildings
    • 3,000 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Jun 01, 2021
    $850,000
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    6.2%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-7471352
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 703 129th St

    Year built
    1959
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    3,000 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    6117-021-018
    APU
    6117021018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $775,000
      ML approach
      $1,140,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $805,000
      6.5%
      $745,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $926,000
      Market price range: $430k - $927k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $720,000
      Current use
      MEDICAL BUILDING
      $1,365,000
      Change: +90% Conversion: Moderate
      OFFICE BUILDING
      $960,000
      Change: +33% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $960,000
      Change: +33% Conversion: Moderate
      WAREHOUSE, STORAGE
      $845,000
      Change: +17% Conversion: Difficult
      RETAIL STORES
      $705,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.287
    Latitude
    33.9156
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,516
    $503,934
    $407,434
    $911,368
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $755,000
      4,268 SF

      1138 166th St

      APARTMENT HOUSE (5+ UNITS) • 4,268 SF
      1138 166th St, Gardena, CA 90247-4847
      View Details
    • Value Estimation
      $1,905,000
      10,779 SF

      14005 Berendo Ave

      APARTMENT HOUSE (5+ UNITS) • 10,779 SF
      14005 Berendo Ave, Gardena, CA 90247-2248
      View Details
    • Value Estimation
      $3,050,000
      26,775 SF

      16815 Brighton Ave

      APARTMENT HOUSE (5+ UNITS) • 26,775 SF
      16815 Brighton Ave, Gardena, CA 90247
      View Details
    • Value Estimation
      $1,200,000
      6,609 SF

      16300 Ainsworth St

      APARTMENT HOUSE (5+ UNITS) • 6,609 SF
      16300 Ainsworth St, Gardena, CA 90247-5057
      View Details
    • Value Estimation
      $2,530,000
      14,656 SF

      842 Redondo Bch Blvd

      APARTMENT HOUSE (5+ UNITS) • 14,656 SF
      842 Redondo Bch Blvd, Gardena, CA 90247-4254
      View Details
    • Value Estimation
      $1,585,000
      11,974 SF

      1152 Marine Ave

      APARTMENT HOUSE (5+ UNITS) • 11,974 SF
      1152 Marine Ave, Gardena, CA 90247-3566
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Gardena Multifamily Investment Opportunity

      Six-unit apartment complex in Gardena with value-add potential.
      14734 S Berendo Ave, Gardena, CA 90247
      View Details
    • $2,250,000
      Pending

      Gardena Multifamily Investment Opportunity

      Multifamily property in Gardena, CA, featuring a desirable unit mix.
      16105 S Denker Ave, Gardena, CA 90247
      View Details
    • Contact for pricing
      840 SF

      Gardena Mobile Home with Upgrades

      Spacious 2-bedroom mobile home in Central Gardena, convenient location.
      17024 S Western Ave, Gardena, CA 90247
      View Details
    • $650,000

      Gardena Duplex For Sale

      Two separate units, each with two beds and one bath.
      812 W 164Th St, Gardena, CA 90247
      View Details
    • $1,499,000
      4,449 SF

      Well-Maintained Gardena Quadruplex For Sale

      Four-unit property in Gardena with redevelopment potential and convenient location.
      1040 W 165Th Pl, Gardena, CA 90247
      View Details
    • $999,999
      3,130 SF

      Gardena Triplex with Spacious Units

      Triplex in Gardena with spacious units, ideal for owner-occupants.
      840 W 167Th St, Gardena, CA 90247
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,040 SF

      Gardena Warehouse with Secure Yard

      14,040 SF warehouse with fenced and paved yard.
      1215 W 132Nd St, Gardena, CA 90247
      View Details
    • $1.65 SF/Yr

      Refurbished Multi-Tenant Building Available

      Multi-tenant building with frontage on El Segundo Blvd.
      1320 W El Segundo Blvd, Gardena, CA 90247
      View Details
    • Contact for pricing
      7,850 SF

      Freestanding Building with Fenced Yard

      Lease opportunity: 7,850 SF building with yard and parking.
      1245 W 132Nd St, Gardena, CA 90247
      View Details
    • $2 SF/Yr
      600 SF

      Office/Medical/Retail Units For Lease

      Two contiguous units available for lease, suitable for office/retail.
      16320-16332 S Western Ave, Gardena, CA 90247
      View Details
    • Contact for pricing
      4,150 SF

      Gardena Flex Space For Lease

      Flex space available for lease in Gardena, California.
      14315 S Normandie Ave, Gardena, CA 90247
      View Details
    • $995 /Mo

      Downtown Gardena Office Space

      Office space in a prime downtown Gardena location.
      1233 W Gardena Blvd, Gardena, CA 90247
      View Details
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    703 129th St
    Gardena, CA 90247-1701
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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