REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,550,000
Est. payment /mo
Price Dropped by $1.6M
1340 253rd ST Harbor City, CA 90710
16 Beds
8 Baths
5,192 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,192 sqft
Price per Sqft $298
MLS Listing ID 26664277
Bedrooms 16
HOA Y/N No
Year Built 1957
Lot Size 6,978 Sqft
Lot Dimensions Assessor
Property Description
We are proud to present 1340 W 253rd Street, an 8-unit two-story apartment building in Harbor City, California offered at $1,550,000. Built in 1957, 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 1344 W 253rd Street (MLS# 26843231), 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 portfolio offers investors long-term growth and reliable cash flow at an 11.59% market cap rate and 6.46 market GRM. 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 11
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7410027046
Security Features Gated Community,Key Card Entry,Resident Manager
Special Listing Condition Standard
Listed by Nabil Awada Matthews Real Estate Investment Services #02046840
GET MORE INFORMATION
Follow Us