1344 253rd Street,Harbor City, CA 90710
Harbor City, CA 90710
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 60% rental upside, this is an ideal entry point for investors seeking a courtyard portfolio with long-term growth and reliable cash flow at a 6.15% current cap rate/10.10 current GRM and 11.61% market cap rate/6.43 market GRM. Reach out to Listing Agent for the full combined marketing package.
Details
| MLS # | 26843231 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 83 |
| Listing Provided By | Matthews Real Estate Investment Services | Nabil Awada |
Features
| Bed(s) | 17 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 5,099 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LARD2 |
| Acreage | 0.16 |
Exterior
| Security Features | Gated Community, Key Card Entry, Resident Manager |
|---|
Parking
| Parking Features | Assigned |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Harbor City |
| Zip Code | 90710 |
| Area | 124 Harbor City |
| Listing VS Median (in 90710) | |
Price: $1,550,000 low | high Med: $699,000 sqft: 5,099 low | high Med: 1,639 $ / sqft: $304 low | high Med: $426 On site: 83 low | high Med: -4 | |
Market Activity 90710
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Harbor City |
| Zip Code | 90710 |
| Area | 124 Harbor City |
| Listing VS Median (in 90710) | |
Price: $1,550,000 low | high Med: $699,000 sqft: 5,099 low | high Med: 1,639 $ / sqft: $304 low | high Med: $426 On site: 83 low | high Med: -4 | |
 | $1,550,0001340 253rd StreetHarbor City, CA 90710 |