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$ 1,550,000
Est. payment | /mo
5,192 SqFt
$ 1,550,000
Est. payment | /mo
5,192 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,192 sqft
Price per Sqft $298
MLS Listing ID CL26664277
HOA Y/N No
Year Built 1957
Lot Size 6,979 Sqft
Acres 0.1602
Property Sub-Type Other
Property Description
We are proud to present 1340 W 253rd Street, an 8-unit two-story apartment building in Harbor City, California offered at $1,550,000. Built in 1957, the unit mix includes eight residential units with a mix of two-bedroom and three-bedroom floor plans. The property has undergone several improvements including tile flooring throughout, upgraded kitchen cabinetry and countertops, enhanced wall heaters and ceiling fans, new stucco and exterior paint, newer water heaters, copper plumbing, and dual-pane windows. The complex shares a secured courtyard and parking with the adjacent 8-unit building at 1344 W 253rd Street (MLS# 26843231), and both properties must be sold concurrently at a combined asking price of $3,100,000 $193,750/unit. With approximately 60% rental upside, this is an ideal entry point for investors seeking a courtyard portfolio with long-term growth and reliable cash flow at a 6.15% current cap rate/10.10 current GRM and 11.61% market cap rate/6.43 market GRM. Reach out to Listing Agent for the full combined marketing package.
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 7410027046
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Nabil Awada • Matthews Real Estate Investment Services
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Patrick Nagel
REALTOR® | Lic# 1760790