$3,150,000
We are proud to present 1340 & 1344 253rd Street in Harbor City, California. This opportunity consists of two adjacent two-story apartment buildings (APNS: 7410-027-046 & 7410-027-047), each with eight residential units, for a total of 16 units. Built in 1957 and 1958, the unit mix includes (15) two-bedroom units and (1) three-bedroom unit. The properties have undergone several improvements over the years, including tile flooring throughout (no carpet), 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 has two security gates, accessible from the front and back parking lot. With approximately 60% rental upside, the portfolio is ideal for investors seeking long-term growth and reliable cash flow. 11.65% Market Cap & 6.46 Market GRM. Reach out to Listing Agent for full marketing package or visit property website.
Click to interact with map
Listed by Nabil Awada with Matthews Real Estate Investment Services (866) 889-0550
Property Type
Residential Income
Status
Active
MLS Number
26664277
Year Built
1957
Lot Size
0.32 acres