Huge value-add opportunity in a high-demand rental pocket of Gardena PO (subject to LA City rent control). Property consists of two 10-unit apartment buildings on adjacent APNs - 821 & 825 W 167th St in Gardena. Each building has excellent unit mix of 1 Single, 1 Two-Bedroom, 1 Three-Bedroom and 7 One-Bedrooms. All electric property with low utility expenses. Roof has been replaced 10 years ago ago; Soft Story on the 2 tuck under parking has been completed and it can be converted into ADUs (Buyer to verify with the City). Property has additional covered parking in the rear of the property and on-site Laundry for tenants' convenience. Currently collecting $22,272/mo in rents property has huge upside in rents. About eight units have been updated with vinyl flooring and new kitchen appliances; the rest are original. Property is first time on the market in over 30 years!
Sold for $3,050,000
Listed by: Lyon Stahl Investment Real Estate, Inc. • Olga Wright • Contact: 310-606-2076
Bought with: Lyon Stahl Investment Real Estate, Inc.
$3,050,000
821 W 167th St, Gardena, CA 90247
24beds
22baths
12,434sqft
Multi Family
Built in 1963
-- sqft lot
$2,176,900 Zestimate®
$245/sqft
$3,088 Estimated rent
Home value
$2,176,900
$1.96M - $2.42M
$3,088/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Olga Wright DRE #01315042 3108017373,
Lyon Stahl Investment Real Estate, Inc.
Bought with:
Olga Wright, DRE #01315042
Lyon Stahl Investment Real Estate, Inc.
Evelyn Baez Gonzalez, DRE #02103055
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB24155910
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 22
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 12,434
- Total interior livable area: 12,434 sqft
Property
Parking
- Total spaces: 14
- Parking features: Covered
- Garage spaces: 4
- Carport spaces: 10
- Covered spaces: 14
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 0.3 Acres
- Features: Near Public Transit, Rectangular Lot, Walkstreet
Details
- Additional parcels included: 6121007023
- Parcel number: 6121007024
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available
Community & HOA
Community
- Features: Street Lights, Sidewalks, Urban
Location
- Region: Gardena
Financial & listing details
- Price per square foot: $245/sqft
- Date on market: 8/2/2024
- Cumulative days on market: 35 days
- Listing terms: Cash to New Loan
- Total actual rent: 22266
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Listing removed | $1,878 |
Source: Zillow Rentals Report a problem | ||
| 2/26/2026 | Price change | $1,878-2.4% |
Source: Zillow Rentals Report a problem | ||
| 2/12/2026 | Price change | $1,924-2.3% |
Source: Zillow Rentals Report a problem | ||
| 2/5/2026 | Price change | $1,969-1.2% |
Source: Zillow Rentals Report a problem | ||
| 1/27/2026 | Price change | $1,992-1.2% |
Source: Zillow Rentals Report a problem | ||
| 1/20/2026 | Price change | $2,016-1.1% |
Source: Zillow Rentals Report a problem | ||
| 1/13/2026 | Listed for rent | $2,038 |
Source: Zillow Rentals Report a problem | ||
| 10/31/2024 | Sold | $3,050,000-4.7%$245/sqft |
Source:  CRMLS #SB24155910 Report a problem | ||
| 9/7/2024 | Contingent | $3,200,000$257/sqft |
Source: CRMLS #SB24155910 Report a problem | ||
| 8/2/2024 | Listed for sale | $3,200,000$257/sqft |
Source: CRMLS #SB24155910 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 90247
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Nearby schools
GreatSchools rating
- 6/10Gardena Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Robert E. Peary Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Gardena Senior High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$2,176,900
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Estimated market value
$2,176,900
- California
- Los Angeles County
- Los Angeles
- 90247
- 821 W 167th St
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