16218 Gramercy Place, Gardena, California 90247, Gardena, 90247 - 4 bed, 2 bath
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Gardena, California 90247
This High-Potential Investment Opportunity is a Multi-Family-Duplex listed at a List Price of $485,000—positioned well below the $469,683 Fair Market Value by -3%. While the property requires a full rehab due to its Condition Rating of 5, the asset offers significant rental income potential in a central location near Top-Rated Schools like Lincoln Elementary and North High. Given the probate auction terms and lack of contingencies, this is a strategic acquisition for Buy-and-Hold Investors or Contractors capable of managing a complex, as-is probate sale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16218 Gramercy Place Subject | $777,500* List Price | 4 | 2 | 1,541 | $504 | - |
A 17230 S Denker Sold | $760,000 | 3 | 2 | 1,513 | $502 | 0.8 mi |
B 1506 W 152nd Sold | $815,000 | 3 | 2 | 1,422 | $573 | 0.9 mi |
C 1441 W 152nd Sold | $850,000 | 3 | 2 | 1,502 | $566 | 1.0 mi |
D 16903 Brighton Sold | $650,000 | 3 | 1 | 1,062 | $612 | 0.7 mi |
E 1248 W 162nd Sold | $620,000 | 2 | 1 | 1,259 | $492 | 0.9 mi |
F 1504 W 170th Sold | $760,000 | 3 | 1 | 1,265 | $601 | 0.7 mi |
G 16508 Halldale Avenue Active Under Contract | $914,000 List Price | 4 | 2 | 1,768 | $517 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961 (>60 years old) with no evidence of renovations, this probate sale is offered 'as-is' with no contingencies. The exterior shows dated window AC units and original features, indicating that the kitchen, bathrooms, and core systems (HVAC/Electric) likely require a full rehab to meet modern standards.
As a duplex featuring 4 bedrooms and 2 bathrooms, this property offers excellent potential for rental income or multi-generational living in a central Gardena location.
Listed at $485,000, the property is priced significantly below the median for the area, presenting a substantial value-add opportunity for investors or developers.
The residence is ideally situated near high-performing educational institutions, including Lincoln Elementary and North High School, both of which carry strong 8/10 ratings.
The auction format requires an immediate 10% deposit with no contingencies for financing, appraisal, or inspections, creating a high barrier to entry for traditional buyers.
The sale is subject to court confirmation and a potential overbid process, which introduces significant closing delays and uncertainty regarding the final purchase price.
Probate Sale! ALL CASH SALE! Estate of Hiroko Nakayama. This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time are TBD. In order to bid in court, no later than 1:00 PM one business day prior to the court date, the BUYER MUST DELIVER TO THE LISTING BROKER, ALL OF THE FOLLOWING: 1) Proof of Funds AND 2) a Cashier's Check for the amount of 10% of the listing price made payable to the ESTATE OF HIROKO NAKAYAMA. This 4 bed; 2 bath Multi-Family built in 1961 features +/-1,541 Sq Ft of living space, +/-5,920 Sq Ft lot, Zoned GAR2; APN: 4066-015-007. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. (Timing of hearing is subject to the courts calendar approximately 60-days after the initial offer deadline date).
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,541 | 1,247.5 |
| Lot Size | 5,922 | 5,420.5 |
| Price | $777.5K | $812.0K |
| Price per sq ft | $505 | $631 |
| Built year | 1961 | 1956 |
| HOA | $0 | $0 |
| Days on market | 27 | 44 |
Jul 13, 2026
$777,500
$485,000
+60% Price Increase
Initial Listing
Jun 25, 2026
$485,000
Initial Listing
May 20, 1994
$235,000
Public Record