NOT LISTED FOR SALE

1029 W 161st St Gardena, CA 90247

Estimated Value: $2,903,147 - $3,234,000

13 Beds
7 Baths
6,086 Sq Ft
$504/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $2,495,000 $410 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $18,942/month

4 Days on Market

Highlights

  • Granite Countertops
  • Recessed Lighting
  • More Than Two Accessible Exits
  • No HOA
  • Laundry Room
  • Accessible Parking

About This Home

As of January 2022

We are proud to present this charming 6 unit apartment building located in Central Gardena. Pride of ownership shows in all 6 units fully renovated with granite counters, oak cabinets throughout, Samsung stainless steel appliances, LVT plank flooring, recessed lighting and bedroom ceiling fans. Full size Whirlpool washer & Dryers in each unit is an extra bonus. Building count is 1 three-bedroom, and 5 spacious two-bedroom units. The two separate structures site on an enormous 10,012 sq. ft. lot with all new copper and ABS plumbing throughout. 13 parking spaces total including garages, open and covered spaces on site. Secured access.

Last Agent to Sell the Property

Donna Carleo

West Shores Realty, Inc. License #00657435 Listed on: 11/08/2021

West Shores Realty, Inc.

Last Buyer's Agent

Melanie Archer

Archer Investment & Consulting Inc. License #02109068

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,653

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 10,013 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 10 Car Garage
  • Carport
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 26
  • Tax Tract Number 603101
  • Assessor Parcel Number 6113027019
  • $1,765 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,200
  • Professional Management Expense $6,255
  • Trash Expense $2,644
  • Water Sewer Expense $6,120
  • Operating Expense $48,293
  • Gross Income $171,600
  • Net Operating Income $2,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,653

Year Built

Built in 1986 | Remodeled

Lot Details

0

Parking

10

Listing Details

  • Assessments: No
  • Price Per Unit: 400000
  • Professional Management Expense: 6255.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 6120.00
  • Zoning: GAR2
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 6113027019
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Recessed Lighting
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Covered, Driveway, Concrete
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Microwave, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2644.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10013.00
  • Lot Size Acres: 0.2299

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 171600.00
  • Gross Scheduled Income: 14300.00
  • Insurance Expense: 3200.00
  • Lot Size Area: 10013.0000 Square Feet
  • Net Operating Income: 2500.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 1524.00
  • Rent Control: No
  • Total Expenses: 48293.00
  • Vacancy Allowance Rate: 1.50

Tax Info

  • Tax Census Tract: 6031.01
  • Tax Lot: 26
  • Tax Tract Number: 603101
  • TaxOtherAnnualAssessmentAmount: 1765.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Dec 8, 2021
Sold by
Bahena Jose G and Bahena Luz T
Bought by
Maravillosa Properties Llc
Seller's Agent
Donna Carleo
West Shores Realty, Inc.
Buyer's Agent
Melanie Archer
Archer Investment & Consulting Inc.
List Price
$2,400,000
Sold Price
$2,495,000
Premium/Discount to List
$95,000
3.96%
Current Estimated Value
$3,068,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,574
Avg. Annual Appreciation
5.69%
Original Mortgage
$1,462,500
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2020
Sold by
1029 Partners Llc
Bought by
Bahena Jose G and Bahena Luz T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 13, 2019
Closed on
Dec 6, 2019
Sold by
Obra Onofre G and Obra Cynthia R
Bought by
1029 Partners Llc
Seller's Agent
Elliot Hassan
NorthMarq Realty Services, Inc.
Buyer's Agent
Elliot Hassan
NorthMarq Realty Services, Inc.
List Price
$1,700,000
Sold Price
$1,590,000
Premium/Discount to List
-$110,000
-6.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.89%
Original Mortgage
$1,500,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 2015
Sold by
Blumarin Properties Llc
Bought by
The Obra Family Living Trust

Purchase Details

Closed on
May 9, 2008
Sold by
Obra Onofre G and Obra Cynthia R
Bought by
Blumarin Properties Llc

Purchase Details

Closed on
Mar 26, 2004
Sold by
Obra Onofre G and Obra Cynthia R
Bought by
Obra Onofre G and Obra Cynthia R

Purchase Details

Closed on
Apr 11, 2000
Sold by
Kushiyama Amy and Kushiyama Choko
Bought by
Obra Onofre G and Obra Cynthia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 1998
Sold by
Kushiyama Amy
Bought by
Kushiyama Amy and Kushiyama Choko
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maravillosa Properties Llc $2,495,000 Ticor Title
Bahena Jose G $2,200,000 Fidelity National Title Co
1029 Partners Llc $1,590,000 First American Title Company
The Obra Family Living Trust -- None Available
Blumarin Properties Llc -- None Available
Obra Onofre G -- --
Obra Onofre G $512,000 First American Title Co
Kushiyama Amy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maravillosa Properties Llc $1,462,500
Previous Owner Bahena Jose G $1,600,000
Previous Owner 1029 Partners Llc $1,500,000
Previous Owner Obra Onofre G $333,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2022 01/28/22 Sold $2,495,000 +4.0% $410 / Sq Ft
11/08/2021 11/08/21 For Sale $2,400,000 +9.1% $394 / Sq Ft
12/09/2020 12/09/20 Sold $2,200,000 0.0% $361 / Sq Ft View Prior Sale
10/27/2020 10/27/20 Off Market $2,200,000 -- --
10/15/2020 10/15/20 Pending -- -- --
10/02/2020 10/02/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $2,295,000 +44.3% $377 / Sq Ft
12/20/2019 12/20/19 Sold $1,590,000 -6.5% $261 / Sq Ft View Prior Sale
09/18/2019 09/18/19 For Sale $1,700,000 0.0% $279 / Sq Ft
09/18/2019 09/18/19 Price Changed $1,700,000 +6.9% $279 / Sq Ft
09/16/2019 09/16/19 Off Market $1,590,000 -- --
08/13/2019 08/13/19 For Sale $1,875,000 -- $308 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $32,653 $2,647,712 $1,455,976 $1,191,736
2024 $32,653 $2,595,797 $1,427,428 $1,168,369
2023 $32,073 $2,544,900 $1,399,440 $1,145,460
2022 $27,606 $2,244,000 $1,224,000 $1,020,000
2021 $27,314 $2,200,000 $1,200,000 $1,000,000
2020 $20,602 $1,591,500 $850,000 $741,500
2019 $16,124 $1,243,113 $530,604 $712,509
2018 $15,861 $1,218,768 $520,200 $698,568
2016 $8,991 $651,710 $240,570 $411,140
2015 $8,846 $641,922 $236,957 $404,965
2014 $8,863 $629,349 $232,316 $397,033
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21240896

California Regional Multiple Listing Service (CRMLS)

APN: 6113-027-019