821 167th St Gardena, CA 90247-5129
Property profile & analytics
821 167th St, Gardena, CA 90247-5129
- Apartment buildings
- 6,217 SF
- 0.15 lot acres
Property ID
US09-8036881
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.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 821 167th St
- Year built
- 1963
- Construction
- WOOD
- Lot size
- 0.15 lot acres
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 6121-007-024
- APU
- 6121007024
Description
This exceptional value-add multifamily investment opportunity presents a rare chance to acquire a 20-unit apartment building situated on a substantial 132,129 square foot corner lot in Gardena, California. The property, located at 821-825 West 167th Street, consists of two, two-story buildings totaling 13,129 square feet with 12,434 square feet of net rentable space. Built in 1963, the property boasts a desirable unit mix of studios, one, two, and three-bedroom apartments, catering to a diverse range of renters. Nine units have already undergone updates, presenting a clear path to increase profitability. The property features on-site laundry facilities and ample rear parking (16 spaces), a significant advantage in this high-demand rental location. A soft story retrofit has been completed, and the roof was replaced just 10 years ago. The current occupancy is 100%, generating a current NOI of $288,115 and a 5.13% cap rate. However, with a pro-forma NOI of $288,115, the potential for significant rental income growth is evident, projecting a 9% cap rate. The property is zoned R3, offering potential for future development, such as converting the tuck-under parking into additional dwelling units (ADUs). The asking price is $3,200,000, translating to $160,000 per unit and $243.74 per square foot. The land value alone is estimated at $257.36 per square foot. This all-electric building presents a compelling investment opportunity with substantial upside potential in a thriving market. The property's location in Los Angeles County, zip code 90247, ensures strong rental demand and long-term appreciation.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,050,000
- ML approach
- $3,050,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $4,050,000
- AUTO REPAIR, GARAGE
- $4,010,000
- NEIGHBORHOOD: SHOPPING CENTER
- $3,785,000
- MEDICAL BUILDING
- $2,825,000
- OFFICE BUILDING
- $1,990,000
- COMMERCIAL (GENERAL)
- $1,985,000
- INDUSTRIAL (GENERAL)
- $1,865,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gardena
- County
- Los Angeles
- State
- California
- Longitude
- -118.29
- Latitude
- 33.8801
- 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
$8,072
$94,101
$389,236
$483,337
-
$0.00
$0.00
$0.00
