1340 253rd Street, Harbor City, CA 90710
- $1,550,000
- 16
- BD
- 8
- BA
- 5,192
- SqFt
- List Price
- $1,550,000
- Price Change
- ▼ $1,550,000 1780716387
- Status
- ACTIVE
- MLS#
- 26664277
- Year Built
- 1957
- Bedrooms
- 16
- Bathrooms
- 8
- Living Sq. Ft
- 5,192
- Lot Size
- 6,979
- Acres
- 0.16
- Days on Market
- 136
- Property Type
- Multifamily
- Stories
- Multi Level
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.
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Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 8
Listing courtesy of Listing Agent: Nabil Awada (nabil.awada@matthews.com) from Listing Office: Matthews Real Estate Investment Services.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.