NOT LISTED FOR SALE

1267 W 166th St Gardena, CA 90247

Estimated Value: $1,237,000 - $1,483,000

8 Beds
4 Baths
3,740 Sq Ft
$359/Sq Ft Est. Value

Last Sold May 30, 2019

Last sale price $970,000 $259 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $8,642/month

13 Days on Market

Highlights

  • No HOA
  • 4 Car Garage
  • 1-Story Property
  • Laundry Room
  • Carpet

About This Home

As of May 2019

No Rent Control! Great opportunity to own 4 units in Gardena. All units are tenant occupied. Only to be shown with an accepted offer.
All units are two bedrooms / 1 bath. Each unit has washer & dryer hookups and 1 Car garage. There are two grass/patio areas.
Lot Size 11,049
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Property is occupied PLEASE DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Sara Magers

1st Platinum Realty License #01316000 Listed on: 04/19/2019

Last Buyer's Agent

Sara Magers

1st Platinum Realty License #01316000 Listed on: 04/19/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,690

Year Built

  • Built in 1960

Lot Details

  • 0.25 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Quadruplex

Interior Spaces

  • 3,740 Sq Ft Home
  • 1-Story Property
  • Gas Oven

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 38
  • Tax Tract Number 6031

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,080
  • Insurance Expense $3,800
  • Trash Expense $300
  • Water Sewer Expense $3,900
  • New Taxes Expense $12,363
  • Operating Expense $21,443
  • Gross Income $63,960
  • Net Operating Income $58,617

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,690

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.20
  • Price Per Unit: 247250
  • Property Attached: Yes
  • Water Sewer Expenses: 3900.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 259.36
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Oven
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 11049.00
  • Lot Size Acres: 0.2537

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 980 Square Feet
  • Gross Income: 63960.00
  • Gross Multiplier: 15.48
  • Gross Scheduled Income: 63960.00
  • Insurance Expense: 3800.00
  • Lot Size Area: 11049.0000 Square Feet
  • Net Operating Income: 58617.00
  • 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
  • Number With Carpet: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 5343.00
  • Rent Control: No
  • Total Actual Rent: 5330.00
  • Total Expenses: 21443.00

Tax Info

  • New Taxes Expense: 12363.00
  • Tax Lot: 38
  • Tax Tract Number: 6031.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2019
Closed on
May 20, 2019
Sold by
1267 1269 166Th 2 Llc
Bought by
Rain Garden Llc
Seller's Agent
Sara Magers
1st Platinum Realty
Buyer's Agent
Sara Magers
1st Platinum Realty
List Price
$989,000
Sold Price
$970,000
Premium/Discount to List
-$19,000
-1.92%
Total Days on Market
13
Current Estimated Value
$1,342,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$372,603
Avg. Annual Appreciation
5.43%
Original Mortgage
$869,500
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 19, 2019
Closed on
May 10, 2019
Sold by
Fulton Gerald
Bought by
1267 1269 166Th 2 Llc
Seller's Agent
Sara Magers
1st Platinum Realty
Buyer's Agent
Sara Magers
1st Platinum Realty
List Price
$989,000
Sold Price
$970,000
Premium/Discount to List
-$19,000
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$869,500
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2005
Sold by
Fulton Nonkululeko Y
Bought by
Fulton Gerald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 17, 2005
Sold by
Fayzano Fernando
Bought by
Fulton Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 26, 2003
Sold by
Nagayama Mikio and Kasaga Sadaye
Bought by
Fayzano Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,800
Interest Rate
5.75%
Mortgage Type
Stand Alone First
Source: Public Records

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Range of Values:

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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
Rain Garden Llc $970,000 Fidelity National Title
1267 1269 166Th 2 Llc -- Fidelity National Title
Fulton Gerald R -- Lawyers Title Ins
Fulton Gerald $705,000 Lawyers Title Ins
Fayzano Fernando $501,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rain Garden Llc $500,000
Open Rain Garden Llc $907,500
Closed Rain Garden Llc $869,500
Previous Owner Fulton Gerald $605,500
Previous Owner Fulton Gerald $121,500
Previous Owner Fulton Gerald R $200,000
Previous Owner Fulton Gerald $505,000
Previous Owner Fayzano Fernando $185,000
Previous Owner Fayzano Fernando $400,800
Closed Fayzano Fernando $75,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2019 05/30/19 Sold $970,000 -1.9% $259 / Sq Ft
04/19/2019 04/19/19 For Sale $989,000 -- $264 / 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
2024 $13,690 $1,060,833 $678,059 $382,774
2023 $13,449 $1,040,033 $664,764 $375,269
2022 $12,794 $1,019,641 $651,730 $367,911
2021 $12,657 $999,649 $638,951 $360,698
2019 $11,024 $863,661 $496,146 $367,515
2018 $10,766 $846,727 $486,418 $360,309
2016 $10,248 $813,850 $467,531 $346,319
2015 $9,405 $744,000 $517,300 $226,700
2014 $9,110 $704,000 $489,500 $214,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19089794

California Regional Multiple Listing Service (CRMLS)

APN: 6111-006-015