16303 Gramercy Place, Gardena, California 90247, Gardena, 90247 - bed, bath
ACTIVE$999,999$4,822/sqft
16303 Gramercy Place, Gardena, California 90247
0Bed
0Bath
4,822Sqft
7,943Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Investment Upside: Explicitly marketed as a 'great opportunity for investors' with 'Tons of upside' due to its current condition and strategic pricing, indicating strong potential for value appreciation after renovation.
Top Cons:
Significant Renovation Needs: The property is described as 'in need of lots of love and updating,' implying substantial capital investment required for modernization, repairs, and bringing units to market-ready condition.
Compared to the nearby listings
Price:$1000.0K vs avg $1.39M ($-385,001)29%
Size:4,822 sqft vs avg 3,653 sqft71%
Price/sqft:$207 vs avg $33114%
More Insights
Built in 1968 (58 years old).
Condition: Built in 1968, this property is 56 years old. The listing explicitly states it is 'in need of lots of love and updating' and highlights 'Significant Renovation Needs' in the property analysis. The exterior images show an aged building with dated features and overgrown landscaping, suggesting a lack of recent maintenance or renovation. While not explicitly stated as structurally unsound, the age combined with the clear need for 'substantial repairs and rehabilitation' (as per the 'poor' criteria) indicates that major components like kitchens, bathrooms, and systems are likely very outdated and require significant investment to modernize and bring to current standards. It's an investment opportunity, implying its current state is far from move-in ready and requires extensive work, aligning with the 'poor' condition.
Year Built
1968
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$207
HOA
-
Days on market
-
Sold On
-
MLS number
SB26002878
Home ConditionPoor
Features
View-
About this home
Everyone wants a deal, this is it! This is a great opportunity for investors, 2 Three bedrooms and 2 two bedroom units in need of lots of love and updating but all of that is taken into consideration with the price. Tons of upside in this property. Property consists of two separate buildings (front and Back) with two units in each building (top and bottom). In the back of the property is a car port. Also there seems to be a one car garage that is part of the back building. Theres also a common area laundry room with coin operated machines. Units look to be separately metered but buyer to verify. Very little disclosures and tenant history available as this is a trust sale, no probate or court confirmation required. Seller will not deliver the property vacant that also is taken into consideration in the price. DO NOT DISTURB TENANTS.
D
Daniel O'Connor
Listing Agent
Nearby schools
6/10
Denker Avenue Elementary School
Public,•K-5•0.5mi
8/10
Lincoln Elementary School
Public,•K-5•0.5mi
4/10
Amestoy Elementary School
Public,•K-5•1.5mi
5/10
Gardena Elementary School
Public,•K-5•1.6mi
4/10
Robert E. Peary Middle School
Public,•6-8•0.7mi
6/10
Casimir Middle School
Public,•6-8•0.8mi
3/10
Gardena Senior High School
Public,•9-12•1.5mi
8/10
North High School
Public,•9-12•1.7mi
Condition Rating
Poor
Built in 1968, this property is 56 years old. The listing explicitly states it is 'in need of lots of love and updating' and highlights 'Significant Renovation Needs' in the property analysis. The exterior images show an aged building with dated features and overgrown landscaping, suggesting a lack of recent maintenance or renovation. While not explicitly stated as structurally unsound, the age combined with the clear need for 'substantial repairs and rehabilitation' (as per the 'poor' criteria) indicates that major components like kitchens, bathrooms, and systems are likely very outdated and require significant investment to modernize and bring to current standards. It's an investment opportunity, implying its current state is far from move-in ready and requires extensive work, aligning with the 'poor' condition.
Pros & Cons
Pros
High Investment Upside: Explicitly marketed as a 'great opportunity for investors' with 'Tons of upside' due to its current condition and strategic pricing, indicating strong potential for value appreciation after renovation.
Multi-Unit Income Property: A quadruplex featuring two 3-bedroom and two 2-bedroom units across two separate buildings, offering diversified and substantial rental income streams.
Expedited Trust Sale: Benefits from being a trust sale that requires 'no probate or court confirmation,' potentially leading to a quicker and smoother transaction process.
Tenant-Friendly Amenities: Includes a carport, a potential one-car garage, and a common area laundry room with coin-operated machines, enhancing tenant appeal and providing additional revenue opportunities.
Generous Property Size: Boasts a substantial 4822 sqft of living space on a 7943 sqft lot, providing ample room for the four units and potential for future development or landscaping.
Cons
Significant Renovation Needs: The property is described as 'in need of lots of love and updating,' implying substantial capital investment required for modernization, repairs, and bringing units to market-ready condition.
Occupied Units & Access Restrictions: Sold with existing tenants and a 'DO NOT DISTURB TENANTS' directive, complicating pre-purchase inspections, post-acquisition renovations, and potential tenant transitions.
Limited Due Diligence Information: As a trust sale, 'very little disclosures and tenant history available,' which increases buyer risk and necessitates thorough independent investigation into property condition and rental income stability.