1401 Pacific Coast Hwy - Apartments FOR SALE


Harbor City, CA 90710
$1,600,000 USD
424-239-5903
1401 Pacific Coast Hwy, Harbor City, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/26
null | 5.94% Cap Rate

1401 Pacific Coast Hwy
Harbor City, CA 90710


HIGHLIGHTS

  • Strategic Mixed-Use Composition - 3 Retail Spaces
  • Significant Recent Capital Improvements
  • Retail Vacancy Opportunity
  • Immediate Value-Add Potential
  • High-Visibility Location

OVERVIEW

1401 Pacific Coast Highway (a.k.a. 25737 Belle Porte Avenue) is a 10-unit mixed-use investment opportunity situated on a signalized corner lot in Harbor City, California. The property consists of 7 residential units (six 2-bed/1-bath and one 3-bed/2-bath) and 3 ground-floor retail/storefront spaces, totaling 7,368 rentable square feet on an 8,092 SF lot zoned LAC2. Offered at $1,600,000 ($160,000/unit), the property presents a compelling value-add opportunity with two recently renovated units proving the upside available through unit-by-unit rehabilitation, and one vacant retail space ready for a new tenant. Additional features include 8 tuck-under parking spaces, individual electric and gas metering, and a highly visible Pacific Coast Highway address with convenient 110 Freeway access. The residential units are subject to the Los Angeles Rent Stabilization Ordinance (LARSO).

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

10

PRICE/UNIT

$160,000

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LAC2

APN/PARCEL ID

7410-009-042

ASK ABOUT THIS PROPERTY

Steffan BraunlichBerkadiaMore Info
424-239-5903

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Steffan BraunlichBerkadiaMore Info
424-239-5903

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