1340 253rd Street, Harbor City, CA 90710
Property · 2 recorded sales since 2012
Sold November 2020
Listing Agent: Tony Piraino (DRE #01249556) · Listing Office: AP Elite Real Estate & Inv · Contact: 562-278-6559 · Bought with: Tony Piraino · AP Elite Real Estate & Inv · MLS #RS20032610 · Source: CRMLS
About this property
"GREAT OPPORTUNITY" for serious investor(s) to own renovated residential income units. With 16 units on 2 parcels, featuring 15 two bedroom units and 1 three bedroom unit. All units have been ungraded to include tile flooring (yes, no carpets), newer kitchen cabinets, newer counter tops, newer & upgraded wall heaters, ceilings fans in each unit, new stucco & paint, newer water heaters, cooper plumbing, and all new dual-pane permitted windows. All units are separately metered for gas & electric, with earthquake shut-off valves. Complex has 2 security gates, accessible from front and back parking lot (consisting of 11 parking spaces) and newer decking on second level. Complex currently has a resident manager who is a plumber by trade (great benefit). Complex also comes with a "Rent-Drop Box" for tenant/landlord convenience. Each unit has front security doors and hard-wired CO/Smoke alarms. This sell is part of a 1031 Exchange and is contingent upon seller finding suitable "Replacement Property". Property is subject to Los Angeles City Rent Control, with annual allowable rent increase which guarantees increase of GSI annually. Tenant population for units include 6 units being occupied with long-term stable tenants of over 10 years. Bonus: If financing is needed, current loan is assumable with 20 months left on initial rate of 3.77%. Please drive-by only, do not disturb tenants.
Listing description from the November 2020 sale, as reported to CRMLS.
Sale history
