Est. cap rate

3.2%

Assumed rent, all units

$6,330/mo

Units

3

Price per unit

$396,667

Est. annual NOI

$37,980

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

1,952 sqft

Lot size

6,747 sqft

Year built

1961

Stories

1

Garage spaces

0

Heating

Heat Pump,Wall Furnace

Cooling

Wall/Window Unit(s),Heat Pump

Pool

None

Status

Active

Days on market

3

MLS #

246678825

About this property

1234 W 163rd is a well-maintained, charming triplex located in a prime area of Gardena, situated within a walking distance to the library or city community center and to downtown Gardena. The location is ideal for owner-occupants or for savvy investors as it consistently drives strong tenant demand and historically low vacancy. The two separate single-story structures are outlined with a Spanish-style front house (2 bed/1.5 bath. 912 sf) and the attached rear two units (1 bed/1bath, 520sf each), totaling 1952 sf in the 6747 sf R3 lot. The interior of the front unit was beautifully upgraded less than two years ago, with the existing configuration resembling a single-family residence. One of the two rear units was also fully updated recently and the other is in excellent condition. The property offers 5 or more surface parking spaces. All the utilities are due on the tenants except that that seller pays only the water & trash,sewer for the two back-units. For all the three units, the single-level layout adds convenience and ease of access, while one-or two-carport spaces + outdoor spaces for each unit provides a comfortable communal living environment. This turnkey property is in a quiet neighborhood, is easy to maintain and conveniently located with easy access to highway 110, 405 and 91. Buyer to conduct their own due diligence. Note: Please do NOT disturb or speak with tenants, nor walk on the premises without appointment.

Location

1234 W 163rd

Gardena, Los Angeles, CA, 90247