ASSET 5-unit apartment located in Gardena. No local rent control – defaults to AB 1482. Situated on a 6,315-SF lot, the property contains a unit mix (one) 3-bedroom/2-bathroom townhouse unit, (two) 2-bedroom/1-bathroom units, (one) 1-bedroom/1-bathroom unit and (one) studio/1-bathroom unit. There is an on-site laundry facility and a total of five garage parking spaces. LOCATION 1127 West 164th Street is located in a desirable pocket of Gardena, south of Redondo Beach Boulevard. The asset is approximately a half-mile from Artesia Boulevard and the Pacific Square Shopping Center and is in close proximity to the many retail shops, restaurants, entertainment, and shopping centers of the area. FINANCIALS This 3,527-SF asset contains strong in-place rents with a current cap rate of 5.63% and current GRM of 12.20 and a pro-forma cap rate of 6.64% and pro-forma GRM of 10.82. Disclosure: Gardena is not subject to local rent control; however, Gardena has Rent Mediation.