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1323 W 168th Street

Gardena, 90247

9 Bd
5 Ba
3,780 Sqft
8,689 Lot
$1,425,000 SOLD Price | Closed 5/26/23
Closed Status
38 Days on Market
Mar 17 First Day Active
$1,728,800 Start Price

Description

We are pleased to present 1323 West 168th Street, a 5-unit investment property in Gardena, California. The property is located between Normandie and Berendo Avenues blocks from the 110 Freeway. This area is a solid majority-renter market with low vacancy rates. 1323 West 168th Street consists of three 1 bedroom 1 bathroom (nonconforming) units and four 2 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers five single car garages plus surface parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

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Property Details for 1323 W 168th Street

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Jonathan Weir
Listing Brokered By
Marcus & Millichap
Type
Residential Income
Year Built
1962
MLS Area
119 - Central Gardena

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
38 DOM
First Date Active
March 17th, 2023
Closing Date
May 26th, 2023
Sold Price
$1,425,000
Sold PPSF
$377
Orig. List Price
$1,728,800
MLS® #
23251974
APN
6111010044
Special
Standard

Home Interior Information

Bedrooms
9
Total Baths
5
Int. Sqft.
3,780
Heating
Wall Furnace
Cooling
None
Appliances
Refrigerator

Exterior Information

Lot Size (sq. ft.)
8,689
Lot Size (acres)
0.20
Parking Spaces
6
Garage Spaces
2

Additional Information

Zoning
GAR3
Buyer's Brokerage Fee
2.000

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
119 - Central Gardena
City/State
Gardena
Zip Code
90247
County
Los Angeles
# of Units
7
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Listing/Price History

1323 W 168th Street, Gardena, (MLS® #23251974)

Date Details Price Change
Closed $1,425,000
Pending
Active Under Contract (from Active)
Price Reduced (from $1,728,800) $1,550,000 $178,800 (10.34%)
First Day Active $1,728,800
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Listing Summary

Quick Summary of 1323 W 168th Street: This 9 Bedroom/5 Bathroom home in Gardena is priced at $1,550,000 ($410/PSF) . The 3,780 sqft. residence was originally built in 1962 and was listed on March 17th, 2023 at $1,728,800, showing 38 Days on Market currently. Contact Dave Fratello today for more information or to go see 1323 W 168th Street.

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Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 6:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.