1642 259th Pl - Apartments FOR SALE


Harbor City, CA 90710
$1,200,000 USD
310-488-1789
1642 259th Pl, Harbor City, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/7
null | 6% Cap Rate

1642 259th Pl
Harbor City, CA 90710


HIGHLIGHTS

  • 5 Income-Producing Units: All 2-bedroom con?gurations maximize rental appeal
  • Dedicated Parking: Essential amenity in high-demand rental market
  • Established Neighborhood: 36,000+ diverse, stable community
  • Healthcare Proximity: Kaiser Permanente South Bay Medical Center just 1.2 miles away
  • Educational Access: Harbor College (2.3 miles), El Camino College, Cal State Dominguez Hills nearby

OVERVIEW

Prime multi-family investment opportunity featuring ?ve well-appointed 2-bedroom units with dedicated parking in Harbor City's coveted west-of-PCH corridor. Built in 1961, this 3,832 square foot property offers exceptional rental income potential in one of South Bay's most strategically positioned neighborhoods. Location Advantages West of Paci?c Coast Highway Prestige - Properties west of PCH command premium positioning in the South Bay market, offering superior access to coastal amenities while maintaining residential tranquility. This designation places the property in the highly sought-after "West of PCH" area classi?cation. Unmatched Connectivity - Exceptional freeway access via the 110, 405, and 91 freeways ensures effortless commuting to major employment centers including Downtown LA, LAX, and the Port of Los Angeles. Quick access to neighboring Torrance, Carson, and prestigious South Bay beach cities. Walkable Convenience - Three shopping centers within a 10-minute walk, plus immediate access to Paci?c Coast Highway's dining and retail corridor along Lomita Boulevard.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

6%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

259th Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,503 SF

ZONING

LAR1

APN/PARCEL ID

7411-001-012

ASK ABOUT THIS PROPERTY

Tom WatkinsCentennial AdvisersMore Info
310-488-1789

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Tom WatkinsCentennial AdvisersMore Info
310-488-1789

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