The 168th Street Apartments is an 18-unit apartment complex located at 1250-1258 W 168th Street in the medium-density rental market of Gardena. This unique property consists of three separate 6-unit buildings on three separate lots (separate assessor parcel numbers) totaling 15,279-square feet. The subject property was built in 1963 and sits on a 23,198 square foot triple-lot. The complex stretches from Raymond Place to Mariposa Avenue and has full alley access from the rear.
The subject property consists of (12) one-bedroom, one-bath units, (1) two-bedroom, one and one-half-bath unit, and (5) two-bedroom, one and three-quarter-bath units, averaging approximately 850 square feet. With a desirable location and below-market rents, historical vacancy rates are low. Upon turnover management has proactively made repairs and updated select units to current standards. 6 units feature private patios and 6 units feature large covered decks for additional square footage. Parking is available for 26 cars with 20 tuckunder spaces and an additional 6 uncovered tandem spaces. Each six-unit building is separately metered for gas and electricity, has its own central water heater, and features a laundry room with one washer and one dryer for tenant convenience.
