NOT LISTED FOR SALE

1143 W 166th St Gardena, CA 90247

Estimated Value: $1,251,000 - $1,436,000

8 Beds
4 Baths
3,808 Sq Ft
$353/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $1,180,000 $310 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,372/month

13 Days on Market

About This Home

As of June 2023

We are pleased to present 1143 W 166th St, Gardena. Consisting of all 2-bed/1-bath units, this 4-unit building is situated on a large 11,221 SF lot. Each unit is 952 SF for a total living area of 3,808 SF. Two of the units have been remodeled with new cabinets, floors, and countertops. Each unit has a washer/dryer hookup in the kitchen and a 1-car garage, providing the opportunity for a potential ADU conversion (buyer to verify). The current CAP rate is 4.56% with over 35% in upside rent potential; the City of Gardena does not have any local rent control and is only subject to AB 1482. This is the lowest priced 4-unit on the market in Gardena and is an ideal opportunity for an investor or owner-user seeking growth, stability, and a hedge against inflation.

Last Agent to Sell the Property

Larson Harley

Lyon Stahl Investment Real Estate, Inc. License #02045736 Listed on: 04/25/2023

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,337

Year Built

  • Built in 1960

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,808 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 6111005009
  • $1,027 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,523
  • Maintenance Expense $2,416
  • Other Expense $3,200
  • New Taxes Expense $14,533
  • Operating Expense $22,872
  • Gross Income $80,520
  • Net Operating Income $53,622

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,337

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.56
  • Price Per Unit: 293750
  • Property Attached: Yes
  • Zoning: GAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6111005009
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Driveway
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 309.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11222.00
  • Lot Size Acres: 0.2576

Multi Family

  • Gross Income: 80520.00
  • Gross Multiplier: 14.59
  • Gross Operating Income: 76494.00
  • Gross Scheduled Income: 80520.00
  • Insurance Expense: 1523.00
  • Lot Size Area: 11222.0000 Square Feet
  • Maintenance Expense: 2416.00
  • Net Operating Income: 53622.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 22872.00
  • Other Expense: 3200.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Actual Rent: 80520.00
  • Total Expenses: 22872.00
  • Vacancy Allowance: 4026

Tax Info

  • New Taxes Expense: 14533.00
  • Tax Census Tract: 6031.02
  • Tax Lot: 9
  • TaxOtherAnnualAssessmentAmount: 1027.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
May 18, 2023
Sold by
Argust Hiram S and Revocab Ruth
Bought by
Bhasin Amandeep Singh and Bhasin Santa
Seller's Agent
Larson Harley
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Avinash Narang
BRC Advisors BH
List Price
$1,175,000
Sold Price
$1,180,000
Premium/Discount to List
$5,000
0.43%
Views
61
Current Estimated Value
$1,343,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,447
Avg. Annual Appreciation
5.16%
Original Mortgage
$885,000
Outstanding Balance
$862,106
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$459,319

Purchase Details

Closed on
Feb 24, 2014
Sold by
Argust Hiram S and Argust Ruth M
Bought by
Hiram S Argust & Ruth M Argust Revocable

Purchase Details

Closed on
Nov 20, 2013
Sold by
Argust Hiram and Dalton Properties
Bought by
Argust Hiram S and Argust Ruth M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bhasin Amandeep Singh $1,180,000 Stewart Title
Hiram S Argust & Ruth M Argust Revocable -- None Available
Argust Hiram S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhasin Amandeep Singh $885,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $1,180,000 +0.4% $310 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $1,175,000 -- $309 / 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 $15,337 $1,227,671 $859,370 $368,301
2024 $15,337 $1,203,600 $842,520 $361,080
2023 $5,995 $416,561 $249,939 $166,622
2022 $5,721 $408,394 $245,039 $163,355
2021 $5,656 $400,387 $240,235 $160,152
2019 $5,484 $388,512 $233,110 $155,402
2018 $5,304 $380,895 $228,540 $152,355
2016 $5,007 $366,106 $219,666 $146,440
2015 $4,924 $360,608 $216,367 $144,241
2014 $4,939 $353,545 $212,129 $141,416
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23069584

California Regional Multiple Listing Service (CRMLS)

APN: 6111-005-009