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1340-44 253rd Street, Harbor City, CA, 90710

1340 & 1344 253rd Street
$3,150,000

Key Information

Cap Rate
6.04%
$ per SF
$306
Tot. SF
10,291
$ per unit
$196,875
Units
16
Year Built
1957 & 1958
Type
Apartments

Highlights

  • 6.04% CURRENT CAP RATE & 10.27 CURRENT GRM
  • 11.65% MARKET CAP & 6.46 MARKET GRM
  • 60% RENTAL UPSIDE POTENTIAL
  • 16 TOTAL UNITS – TWO (8) UNIT BUILDINGS WITH COURTYARD
  • (1) 3BED/1BATH & (15) 2BED/1BATH UNITS
  • GATED & SECURED PROPERTY
  • 11 SURFACE SPACES WITH ALLEY-ACCESS AND ADDITIONAL PARKING INCOME
  • NORTH OF PCH – BLOCKS FROM KAISER PERMANENTE SOUTH BAY MEDICAL CENTER, KEN MALLOY HARBOR REGIONAL PARK, AND EASY FREEWAY ACCESS

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245