1344 253rd Street, Harbor City, CA 90710
Los Angeles County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Year Built
1958
Stories
2
Living Area
5,099 sq ft
Lot Size
0.16 acres
Parking Spaces
6
Zoning
LARD2
Days on Market
46
MLS® Listing#
26843231
Property Features
Parking
Security
Community
Financial Details
HOA
None
Parcel Number
7410027047
Directions
South of Lomita Blvd. North of Pacific Coast Hwy.
Affordability Calculator
$310,000
Estimated monthly payment
$8,250/mo
Principal $1,240,000 · Est. interest $1,729,910 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Harbor City, CA
- $731,203
- Median Listing Price
- 50
- Median Days on Market
- 1,634
- Median Sq Ft
- $481
- Median Price / Sq Ft
- 2,043
- Active Listings
- This home’s price is 112% above the area median.
- Its price per sq ft is 37% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Harbor City, CA.
Location
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Points of Interest in Harbor City, CA
Showing the Harbor City area map.
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 15081 Van Buren Street, Midway City, CA | $1,250,000 | 20 | 20 | 6,970 |
| 1340 253rd Street, Harbor City, CA | $1,550,000 | 16 | 8 | 5,192 |
Moving Cost Estimate
EXIT Agents in Harbor City
Listing Courtesy: Matthews Real Estate Investment Services - 8668890550
Presented by: Nabil Awada
Licensed in the state of California.