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Key Details
Sold Price $1,025,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,680 sqft
Price per Sqft $382
MLS Listing ID 23300521
Sold Date 11/07/23
Bedrooms 6
HOA Y/N No
Year Built 1986
Lot Size 5,000 Sqft
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.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LAR1
Interior
Cooling None
Fireplace No
Exterior
Garage Uncovered
Garage Spaces 1.0
Garage Description 1.0
Pool None
Parking Type Uncovered
Attached Garage Yes
Total Parking Spaces 4
Private Pool No
Building
Faces North
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7411003022
Special Listing Condition Standard
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Bought with Sam Alherech • Buckingham Investments, Inc
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