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,… Read More 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. Read Less
Property listed by Matthews Real Estate Investment Services, Nabil Awada 310-259-7556
Listing Snapshot
Days Online
18
Last Updated
Beds
17
Square Ft.
5,099
Lot Size
0.16 Acres
Year Built
1958
MLS Number
26843231
Additional Details
Building
Built in 1958, Living area: 5099.0, 1 building, 2 stories, Levels: MultiSplit
Community
Gated
Income
Gross Income: $302,024, Net Operating Income: $191,030
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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