1618 259th St, Harbor City, CA 90710

$1,025,000
6
BD
4
BA
2,680
SqFt
Sold Price
$1,025,000
List Price
$1,100,000
Closing Date
Nov 07, 2023
MLS#
23-300521
Year Built
1986
Bedrooms
6
Bathrooms
4
Living Sq. Ft
2,680
Lot Size
5,001
Days on Market
46
Property Type
Multifamily
Stories
2

Property Description

I am proud to present this 4-unit apartment in Harbor City! 1618 259th St is a fantastic opportunity to acquire a 1986 construction apartment in the supply constricted South Bay. The property is not subject to LA City RSO. There is currently one vacancy at the property. The property is currently performing at a 4.75% Cap Rate & a 14.87 GRM and features a great unit mix of 1 and 2 bedroom floorplans. The building features 4 total parking spaces, 1 garage (currently rented for $200/month) and a common area laundry room (owned machines). All units are due for rent increases on 1/1/2024.

Additional Information

Other Buildings
None
Pool Description
None
Heat
Wall Gas
Cooling
None
Number of Cars in Garage
Uncovered, Garage Is Attached
Garage Spaces Total
1

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of BRC Advisors- BH, John Katnik - CA DRE#02002695 Selling Office: .

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