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1340 253rd St
Harbor City, CA 90710

$3,175,000 USD

Apartments For Sale • 10,291 SF

Property Details

Property Type Apartments
Total Building Size 10,291 SF
Lot Size 0.32 AC
Building Class C
Year Built 1958
Cap Rate 5.94 %
Zoning LARD2, Los Angeles

44 Transit Score

81 Walk Score

                
                    Highlights
                
                                5.94% CURRENT CAP RATE & 10.36 CURRENT GRM
                            
                                11.47% MARKET CAP & 6.51 MARKET GRM
                            
                                60% RENTAL UPSIDE POTENTIAL
                            
                                16 TOTAL UNITS – TWO (8) UNIT BUILDINGS WITH COURTYARD
                            
                                (1) 3 BED/1 BATH & (15) 2 BED/1 BATH UNITS
                            
                                INDIVIDUALLY METERED FOR GAS & ELECTRICITY

Cap Rate:

5.94 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Positive Investments - 253rd St Apartments

Amenities

Courtyard
Laundry Facilities
Security System
Ceiling Fans
Tile Floors
Kitchen
Range
Double Pane Windows

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	18 min	-	10.1 mi
Los Angeles International	25 min	-	15.5 mi
John Wayne/Orange County	40 min	-	30.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	22
Type:	SurfaceTandem
Included in Rent:	Yes

Nabil Awada 310-844-9362 Matthews Real Estate Investment Services

1340 253rd St Harbor City, CA 90710