NOT LISTED FOR SALE

1259 W 168th St Gardena, CA 90247

Estimated Value: $1,930,000 - $2,157,000

7 Beds
5 Baths
6,500 Sq Ft
$314/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $1,775,000 $273 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $12,667/month

15 Days on Market

About This Home

As of September 2022

1980s built six unit apartment building located in central Gardena close to freeways, schools, shopping, hospital and business district. Huge lot, large spacious units, including two-level 3 bedroom 2.5 bath owners unit with fireplace, separate laundry and direct access two car garage, the other 5 units are 2 bedroom one bath, each has a garage, community laundry, all under one structure. Great long term investment opportunity, don’t miss this one.

Last Agent to Sell the Property

Steve Schloeder

Bonanza Realty License #00612682 Listed on: 06/06/2022

Last Buyer's Agent

Steve Schloeder

Bonanza Realty License #00612682 Listed on: 06/06/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,497

Year Built

  • Built in 1988

Lot Details

  • 10,304 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Open Parking Spaces
  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 6,500 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 36 / B
  • Tax Tract Number 6111
  • Assessor Parcel Number 6111010060
  • $635 per year additional tax assessments

Community Details

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $327
  • Fuel Expense $306
  • Gardener Expense $600
  • Insurance Expense $10,824
  • Professional Management Expense $6,637
  • Trash Expense $2,380
  • Water Sewer Expense $8,117
  • New Taxes Expense $7,934
  • Operating Expense $37,624
  • Gross Income $1,368
  • Net Operating Income $50,576

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,497

Year Built

Built in 1988

Lot Details

0

Parking

7

Listing Details

  • Price Per Unit: 312500
  • Professional Management Expense: 6637.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8117.00
  • Zoning: GAR3
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6111010060
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 273.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2380.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 10304.00
  • Lot Size Acres: 0.2365

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Average3 Bed Area: 1750 Square Feet
  • Electric Expense: 327.00
  • Fuel Expense: 306.00
  • Gross Income: 1368.00
  • Gross Scheduled Income: 88200.00
  • Insurance Expense: 10824.00
  • Laundry Income: 1368.00
  • Lot Size Area: 10304.0000 Square Feet
  • Net Operating Income: 50576.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 37624.00
  • Rent Control: No
  • Total Actual Rent: 7350.00
  • Total Expenses: 37624.00

Tax Info

  • New Taxes Expense: 7934.00
  • Tax Block: B
  • Tax Census Tract: 6031.02
  • Tax Lot: 36
  • Tax Tract Number: 6111
  • TaxOtherAnnualAssessmentAmount: 635.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2022
Sold by
Castaneda Decedents Trust
Bought by
Gbear Holdings Llc
Current Estimated Value
$1,980,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$887,500
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2020
Sold by
Castaneda Arthur A and Castaneda Adrianne E
Bought by
Castaneda Arthur A and Castaneda Adrianne E

Purchase Details

Closed on
Feb 21, 2002
Sold by
Salas Santiago and Salas Guadalupe
Bought by
Salas Santiago and Salas Guadalupe

Purchase Details

Closed on
Dec 9, 2001
Sold by
Castaneda Arthur and Castaneda Julia
Bought by
Castaneda Arthur A and Castaneda Julia M
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
Gbear Holdings Llc $1,775,000 --
Castaneda Arthur A -- North American Title Company
Salas Santiago -- --
Castaneda Arthur A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gbear Holdings Llc $1,295,000
Previous Owner Gbear Holdings Llc $887,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $1,775,000 -5.3% $273 / Sq Ft
06/21/2022 06/21/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $1,875,000 -- $288 / 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 $22,497 $1,846,710 $1,326,510 $520,200
2024 $22,497 $1,810,500 $1,300,500 $510,000
2023 $21,743 $1,775,000 $1,275,000 $500,000
2022 $8,019 $641,599 $602,621 $38,978
2021 $7,934 $629,019 $590,805 $38,214
2020 $7,998 $622,571 $584,748 $37,823
2019 $7,681 $610,365 $573,283 $37,082
2018 $7,425 $598,398 $562,043 $36,355
2016 $7,104 $575,164 $540,219 $34,945
2015 $6,986 $566,526 $532,105 $34,421
2014 $6,989 $555,429 $521,682 $33,747
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22118965

California Regional Multiple Listing Service (CRMLS)

APN: 6111-010-060