844 W 164th St
Gardena, CA 90247
The Palms Apartments- 7.83% Proforma Cap Rate · Multifamily Property For Sale
·
38 Units
Property Facts
| No. Units | 38 | Lot Size | 0.51 AC |
| Property Type | Multifamily | Building Size | 30,000 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1973 |
| Zoning | C2-1, Los Angeles | ||
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1973 |
| Zoning | C2-1, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
Site Amenities
- Laundry Facilities
- Pool
About 844 W 164TH ST , GARDENA, CA 90247
THG Multifamily as the exclusive listing agent, is pleased to present the opportunity to acquire The Palms (the “Property”) located at 844 West 164th Street, a 38-unit value-add community just steps to Gardena Blvd, the region’s “main street” boulevard. With a Walk Score of 82, tenants are attracted to the proximity to Downtown Gardena with shops, many restaurants, schools, medical facilities, post office and other amenities within walking distance and located only one mile away from Memorial Hospital of Gardena. Strategic Freeway access is an amenity to commuters who can access the 110, and 91 Freeways within a few blocks and reach other nearby employment centers. With substantial rental upside of 57.5%, The Palms is a premier opportunity for investors looking to acquire a value-add mid-sized apartment community and participate in the incredible growth occurring in South Bay.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | $997.00 | 640 |
| 2+1 | 7 | $1,255 | 975 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,114,191 | |
| Land Assessment | $2,830,240 | Total Assessment | $6,944,431 |
Property Taxes
