1340 253rd St, Harbor City, CA 90710
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1340 253rd St, Harbor City, CA 90710
1340 253rd St, Harbor City, CA 90710
1340 253rd St, Harbor City, CA 90710
1340 253rd St, Harbor City, CA 90710
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$ 1,550,000
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Price Dropped by $1.6M

1340 253rd St Harbor City, CA 90710

16 Beds

8 Baths

5,192 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,192 sqft

Price per Sqft $298

MLS Listing ID 26664277

Bedrooms 16

Year Built 1957

Lot Size 6,979 Sqft

Acres 0.1602

Property Sub-Type Multi-Family

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 Harbor City

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned

Garage Spaces 11.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Matthews Real Estate Investment Services

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Eric Upshur

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1340 253rd St