1344 253rd Street, Harbor City, CA 90710
List Price: $1.55M
Listing Status: Active
0Days on Market: 0
17 Bedrooms · 8 Bathrooms · 5,099 sq ft
Property Type: ResidentialIncome
Year Built: 1958
Lot Size: 6,957 sq ft
MLS Number: 26843231
About This Property
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, 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.
Listing provided by: Nabil Awada DRE #02046840 866-889-0550 nabil.awada@matthews.com, Matthews Real Estate Investment Services
Source: CRMLS, MLS #: 26843231
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.