1618 259th Street, Harbor City, CA 90710

About this property

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.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$1,025,000

Sold November 2023 · listed $1,100,000, on market August 2023 · MLS #23300521 · Source: CRMLS

Listing Agent: John Katnik · Listing Office: BRC Advisors- BH · Bought with: Sam Alherech · Buckingham Investments, Inc

$660,000

Sold December 2016 · listed $669,000, on market October 2016 · MLS #SB16724203 · Source: CRMLS

Listing Agent: Akiko Sasaki · Listing Office: Ja Realty · Contact: 310-539-2430 · Bought with: Bryan Paul Oakley · Benchmark Real Estate

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