1340 253rd St - Apartments FOR SALE


Harbor City, CA 90710
$3,495,000 USD
310-844-9362
1340 253rd St, Harbor City, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/15
null | 5% Cap Rate

1340 253rd St
Harbor City, CA 90710


HIGHLIGHTS

  • 10.25% MARKET CAP & 7.17 MARKET GRM
  • 64% RENTAL UPSIDE POTENTIAL
  • (1) 3BED/1BATH & (15) 2BED/1BATH UNITS
  • INDIVIDUALLY METERED FOR GAS & ELECTRICITY
  • GATED & SECURED PROPERTY
  • 11 TANDEM SPACES (22 TOTAL)

OVERVIEW

THE OPPORTUNITY Matthews Real Estate Investment Services Inc., is proud to present 1340 & 1344 253rd Street in Harbor City, California. This opportunity consists of two adjacent two-story apartment buildings, 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 64% rental upside, the portfolio is ideal for investors seeking long-term growth and reliable cash flow. THE LOCATION Located north of Pacific Coast Highway and south of Lomita Blvd with easy access to major freeways, public transit, shopping, dining, and recreational amenities. Just a short drive to Kaiser Permanente South Bay Medical Center, Ken Malloy Harbor Regional Park and minutes to Torrance Towne Center & Rolling Hills Plaza. These side-by-side properties represent a rare opportunity to acquire a well-located, income-generating asset in a desirable Los Angeles submarket.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

16

PRICE/UNIT

$218,438

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1340 & 1344 253rd Street, Harbor City, CA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,950 SF

ZONING

LARD2, Los Angeles

APN/PARCEL ID

7410-027-046,7410-027-047

ASK ABOUT THIS PROPERTY

Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

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Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.