18
See all 18 photos
$1,550,000
Est. payment /mo
17 Beds
8 Baths
5,099 SqFt
New
1344 253rd ST Harbor City, CA 90710
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,099 sqft
Price per Sqft $303
MLS Listing ID 26843231
Bedrooms 17
HOA Y/N No
Year Built 1958
Lot Size 6,956 Sqft
Property Description
We are proud to present 1344 W 253rd Street, an 8-unit two-story apartment building in Harbor City, California offered at $1,550,000. Built in 1958, the unit mix includes eight residential units with a mix of two-bedroom and three-bedroom floor plans. The property has undergone several improvements including tile flooring throughout, upgraded kitchen cabinetry and countertops, enhanced wall heaters and ceiling fans, new stucco and exterior paint, newer water heaters, copper plumbing, and dual-pane windows. The complex shares a secured courtyard and parking with the adjacent 8-unit building at 1340 W 253rd Street (MLS# 26664277), and both properties must be sold concurrently at a combined asking price of $3,100,000 $193,750/unit. With approximately 57% rental upside, this is an ideal entry point for investors seeking a courtyard portfolio with long-term growth and reliable cash flow at a 6.16% current cap rate and 11.59% market cap rate. Reach out to Listing Agent for the full combined marketing package.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LARD2
Interior
Fireplace No
Exterior
Parking Features Assigned
Community Features Gated
Total Parking Spaces 6
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7410027047
Security Features Gated Community,Key Card Entry,Resident Manager
Special Listing Condition Standard
Listed by Nabil Awada Matthews Real Estate Investment Services #02046840
NEARBY SCHOOL & BUSINESS
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