1303 W 163rd St, Gardena, California 90247, Gardena, 90247 - bed, bath
ACTIVE$2,325,000
1303 W 163rd St, Gardena, California 90247
0Bed
0Bath
4,391Sqft
6,816Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Comprehensive Recent Remodel: Extensive upgrades across all units, including new vinyl floors, quartz countertops, tile bathrooms, in-unit washer/dryers, and updated electrical, plumbing, heating, air, and water heaters, significantly reducing immediate maintenance and enhancing tenant appeal.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4391, other record living area = 3975.
Compared to the nearby listings
Price:$2.33M vs avg $1.44M (+$887,500)75%
Size:4,391 sqft vs avg 3,468.5 sqft75%
Price/sqft:$529 vs avg $40988%
More Insights
Built in 1987 (38 years old).
Condition: Despite being built in 1987, the property has undergone a comprehensive and recent 'newly remodeled' renovation. The listing explicitly states new vinyl floors, quartz countertops, tile bathrooms, new washer/dryers, and critically, new electrical, plumbing, heating and air, and water heaters. The images confirm a modern, high-quality aesthetic in the kitchens and bathrooms, featuring white shaker cabinets, stainless steel appliances, quartz countertops, contemporary tile work, and new fixtures. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
Year Built
1987
Close
-
List price
$2.33M
Original List price
$2.33M
Price/Sqft
$529
HOA
-
Days on market
-
Sold On
-
MLS number
LG25269310
Home ConditionExcellent
Features
View-
About this home
Newly remodeled townhome style apartment building with new vinyl floors, quartz counter tops, tile bathrooms with new washer and dryer for each unit. New electrical, plumbing, heating and air, and water heaters. Each unit has a detached 2 car garage and the ADU has tandem parking. Good location, 17 min to the beach, no traffic 20 min commute to downtown Los Angeles and Orange County accessible. 5% capitalization rate. ADU construction to be completed soon.
Nearby schools
6/10
Denker Avenue Elementary School
Public,•K-5•0.4mi
5/10
Gardena Elementary School
Public,•K-5•0.7mi
4/10
Amestoy Elementary School
Public,•K-5•0.9mi
8/10
Lincoln Elementary School
Public,•K-5•1.3mi
4/10
Robert E. Peary Middle School
Public,•6-8•0.2mi
6/10
Casimir Middle School
Public,•6-8•1.6mi
3/10
Gardena Senior High School
Public,•9-12•1.2mi
8/10
North High School
Public,•9-12•2.5mi
Price History
Date
Event
Price
08/01/01
Sold
$380,000
07/01/22
Sold
$1,370,000
Condition Rating
Excellent
Despite being built in 1987, the property has undergone a comprehensive and recent 'newly remodeled' renovation. The listing explicitly states new vinyl floors, quartz countertops, tile bathrooms, new washer/dryers, and critically, new electrical, plumbing, heating and air, and water heaters. The images confirm a modern, high-quality aesthetic in the kitchens and bathrooms, featuring white shaker cabinets, stainless steel appliances, quartz countertops, contemporary tile work, and new fixtures. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
Pros & Cons
Pros
Comprehensive Recent Remodel: Extensive upgrades across all units, including new vinyl floors, quartz countertops, tile bathrooms, in-unit washer/dryers, and updated electrical, plumbing, heating, air, and water heaters, significantly reducing immediate maintenance and enhancing tenant appeal.
Strong Income Potential: As a quadruplex with an Accessory Dwelling Unit (ADU) nearing completion, the property offers multiple income streams and significant revenue growth potential.
Attractive Capitalization Rate: A stated 5% capitalization rate indicates a strong return on investment, making it an appealing asset for income-focused investors.
Desirable Tenant Amenities: Each unit benefits from a new in-unit washer/dryer and a detached 2-car garage (ADU has tandem parking), highly sought-after features that enhance rentability and tenant retention.
Strategic Location & Commute: The property boasts a good location with convenient commute times (20 min to DTLA/Orange County with no traffic) and proximity to the beach (17 min), appealing to a wide range of potential tenants.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4391, other record living area = 3975.
ADU Construction Pending: The Accessory Dwelling Unit (ADU) is not yet completed, meaning the full income potential is deferred and may require buyer oversight or additional steps to finalize.
No Premium Views: The property lacks any specific premium views, which could limit its potential for higher rental premiums or appreciation compared to properties offering desirable vistas.
Unusual On-Market Date: The listed 'on-market date' of 2025-12-02 is in the future, indicating a potential data discrepancy or pre-listing status that requires immediate clarification for accurate assessment.