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1127 W 164th St 5 Unit Apartment Building $1,595,000 ($319,000/Unit) 5.63% Cap Rate Gardena, CA 90247
Investment Highlights
- Highly Desirable Gardena Location – South of Redondo Beach Boulevard
- 5.63% Current Cap Rate & 12.20 Current GRM | 6.64% Pro-Forma Cap Rate & 10.82 Pro-Forma GRM
- Total of Five Garage Parking Spaces
- Unit Mix of (1) 3-Bedroom/2-Bathroom Townhouse Unit, (2) 2-Bedroom/1-Bathroom Units, (1) 1-Bedroom/1-Bathroom Unit & (1) Studio/1-Bathroom Unit
- New Roof | On-Site Laundry Facility
- Located Approximately a Half-Mile from Artesia Boulevard & the Pacific Square Shopping Center
Executive Summary
ASSET
5-unit apartment located in Gardena. No local rent control – defaults to AB 1482. Situated on a 6,315-SF lot, the property contains a unit mix (one) 3-bedroom/2-bathroom townhouse unit, (two) 2-bedroom/1-bathroom units, (one) 1-bedroom/1-bathroom unit and (one) studio/1-bathroom unit. There is an on-site laundry facility and a total of five garage parking spaces.
LOCATION
1127 West 164th Street is located in a desirable pocket of Gardena, south of Redondo Beach Boulevard. The asset is approximately a half-mile from Artesia Boulevard and the Pacific Square Shopping Center and is in close proximity to the many retail shops, restaurants, entertainment, and shopping centers of the area.
FINANCIALS
This 3,527-SF asset contains strong in-place rents with a current cap rate of 5.63% and current GRM of 12.20 and a pro-forma cap rate of 6.64% and pro-forma GRM of 10.82.
Disclosure:
Gardena is not subject to local rent control; however, Gardena has Rent Mediation.
5-unit apartment located in Gardena. No local rent control – defaults to AB 1482. Situated on a 6,315-SF lot, the property contains a unit mix (one) 3-bedroom/2-bathroom townhouse unit, (two) 2-bedroom/1-bathroom units, (one) 1-bedroom/1-bathroom unit and (one) studio/1-bathroom unit. There is an on-site laundry facility and a total of five garage parking spaces.
LOCATION
1127 West 164th Street is located in a desirable pocket of Gardena, south of Redondo Beach Boulevard. The asset is approximately a half-mile from Artesia Boulevard and the Pacific Square Shopping Center and is in close proximity to the many retail shops, restaurants, entertainment, and shopping centers of the area.
FINANCIALS
This 3,527-SF asset contains strong in-place rents with a current cap rate of 5.63% and current GRM of 12.20 and a pro-forma cap rate of 6.64% and pro-forma GRM of 10.82.
Disclosure:
Gardena is not subject to local rent control; however, Gardena has Rent Mediation.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$130,740
|
$37.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,922
|
$1.11
|
| Effective Gross Income |
$126,818
|
$35.96
|
| Taxes |
$19,938
|
$5.65
|
| Operating Expenses |
$17,139
|
$4.86
|
| Total Expenses |
$37,077
|
$10.51
|
| Net Operating Income |
$89,741
|
$25.44
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $130,740 |
| Annual Per SF | $37.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,922 |
| Annual Per SF | $1.11 |
| Effective Gross Income | |
|---|---|
| Annual | $126,818 |
| Annual Per SF | $35.96 |
| Taxes | |
|---|---|
| Annual | $19,938 |
| Annual Per SF | $5.65 |
| Operating Expenses | |
|---|---|
| Annual | $17,139 |
| Annual Per SF | $4.86 |
| Total Expenses | |
|---|---|
| Annual | $37,077 |
| Annual Per SF | $10.51 |
| Net Operating Income | |
|---|---|
| Annual | $89,741 |
| Annual Per SF | $25.44 |
Property Facts
| Price | $1,595,000 | Apartment Style | Garden |
| Price Per Unit | $319,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.63% | Building Size | 3,527 SF |
| Gross Rent Multiplier | 12.2 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Zoning | GAR3 | ||
| Price | $1,595,000 |
| Price Per Unit | $319,000 |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| Gross Rent Multiplier | 12.2 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,527 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | GAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,100 | - |
| 2+1 | 2 | $2,150 | - |
| 1+1 | 1 | $1,895 | - |
| Studios | 1 | $1,600 | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6113-019-007 | Total Assessment | $1,588,140 |
| Land Assessment | $918,000 | Annual Taxes | $19,938 ($5.65/SF) |
| Improvements Assessment | $670,140 | Tax Year | 2025 |
Property Taxes
Parcel Number
6113-019-007
Land Assessment
$918,000
Improvements Assessment
$670,140
Total Assessment
$1,588,140
Annual Taxes
$19,938 ($5.65/SF)
Tax Year
2025
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1127 W 164th St
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