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Bobby And Michelle Schaffer

sold@legacyhouserealty.com +1(951) 533-7744

$ 1,550,000

Est. payment | -/mo

16 Beds

8 Baths

5,192 SqFt

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$ 1,550,000

Est. payment | -/mo

Save

16 Beds

8 Baths

5,192 SqFt

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 60% rental upside, this is an ideal entry point for investors seeking a courtyard portfolio with long-term growth and reliable cash flow at a 6.15% current cap rate/10.10 current GRM and 11.61% market cap rate/6.43 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 5

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Nabil Awada Matthews Real Estate Investment Services #02046840

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 533-7744

sold@legacyhouserealty.com

Temecula , California 92592, USA

1340 253rd ST Harbor City, CA 90710

Bobby And Michelle Schaffer

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1340 253rd ST