Renovated, income producing, gated duplex just minutes from the Pacific Ocean! This beautifully updated 1,668 sq. ft. property features two separate residences: a spacious 2 bedroom/1 bath main home and a 1 bedroom/1 bath second unit, offering exceptional flexibility for investors or owner occupants. The Spanish architecture and charming foyer welcome you to a bright, expansive living room and dining area with a sunroom and built-ins. Immediately upon entry your eyes are drawn to a nicely sized remodeled kitchen featuring stone countertops, stainless steel appliances, abundant cabinetry and adjacent laundry room accessed through a swinging door. Down the hall, a beautifully updated bathroom, secondary bedroom with walk-in closet, and an oversized primary bedroom with separate sitting area, complete the interior of this well rounded home. The fenced yard provides additional security and separates the two units, creating privacy and the perfect setting for entertaining. The second residence, located at 1707 W. 261st , enjoys its own private entrance and separate address, making it ideal for rental income, guests, extended family, or a home office. Inside, you'll find a light filled living room that flows into a spacious kitchen and dining area, updated bathroom, separate laundry room, along with a comfortable bedroom off the hall. Both units have been thoughtfully upgraded with new ductless A/C systems, new flooring, fresh interior paint, an updated electrical panel, all appliances staying, enclosed parking, and separate gas and electric meters. Conveniently located near shopping, restaurants and local businesses on PCH, and just minutes from other points of interest like LA Waterfront and White Point Beach. This turnkey duplex with private parking presents an outstanding income generating or flexible space for anyone!
2 Houses on a lot, Newely remodeled 4 bedroom 2 bath one level home. The home is the front unit, Double entry front doors, Bamboo hardwood floors through. Nice sized living room with big windows to let in lots of natural light. Kitchen has granite countertops and travertine floors,with an island for bar stool seating, large stainless sink & appliances with a seperate Dining area. All 4 bedrooms are big and spacious with plenty of closet space. Master bedroom has a walk in closet, en suite bathroom with marble floors & jacuzzi tub/shower combination and has double doors that lead out onto a nice size deck. Central heating & air, washer/ dryer connections in the unit with 2 dedicated parking spots in rear of the unit.
The subject property is a 60-unit apartment building situated on a 56,511 square foot lot zoned R3, located in the South Bay of Los Angeles, in Harbor City. The improvements consist of a two-story wood-frame & stucco apartment complex that was built in 1976. There are 57 one-bedroom one-bath units and 3 two-bedroom units. The property is gated and has nicely landscaped walkways within the common areas. There is a large maintenance room in the center on the ground floor with a bathroom and two additional maintenance closets for cleaning and gardening supplies. There are 90 parking spaces on grade level and a laundry room on the premises for the tenants, as well as a pool (which is currently drained and covered). The utilities are master metered for both gas and electric utilities, which the landlord pays for, and a majority of the rents are below market. The property is subject to the City of Los Angeles RSO (Rent Stabilization Ordinance), which limits rent increase on existing tenants to 3% per year currently. The property is on Frampton Avenue and is adjacent to a newly constructed Starbucks, which is at the NWC of PCH (Pacific Coast Highway) and Frampton Avenue. There is a U.S. Post Office a half block away on Frampton, as well as a mixture of commercial and residential buildings. The property is in close proximity to major employers such as the Port of Los Angeles, Kaiser Hospital, Home Depot, Target, and many other retail stores along PCH. Harbor Regional Park, Harbor Park Golf Course, Harbor Community College, Harbor City Little League, LA Waterfront Development, and the 110 Freeway are all within 2 miles, just minutes away. The population density is very high, with 30,000 residents within a 1-mile radius and over 200,000 residents within a 3-mile radius, which results in a strong rental market with high demand for apartments in the Harbor City submarket.
We are proud to present 1344 W 253rd Street, an 8-unit two-story apartment building in Harbor City, California offered at $1,550,000. Built in 1958, 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 1340 W 253rd Street (MLS# 26664277), and both properties must be sold concurrently at a combined asking price of $3,100,000 $193,750/unit. With approximately 57% rental upside, this is an ideal entry point for investors seeking a courtyard portfolio with long-term growth and reliable cash flow at a 6.16% current cap rate and 11.59% market cap rate. Reach out to Listing Agent for the full combined marketing package.
1401 Pacific Coast Highway (a.k.a. 25737 Belle Porte Avenue) is a 10-unit mixed-use investment opportunity situated on a signalized corner lot in Harbor City, California. The property consists of 7 residential units (six 2-bed/1-bath and one 3-bed/2-bath) and 3 ground-floor retail/storefront spaces. The property presents a compelling value-add opportunity with two recently renovated units proving the upside available through unit-by-unit rehabilitation, and one vacant retail space ready for a new tenant. Additional features include 8 tuck-under parking spaces, individual electric and gas metering, and a highly visible Pacific Coast Highway address with convenient 110 Freeway access. The residential units are subject to the Los Angeles Rent Stabilization Ordinance (LARSO).
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 57% rental upside, this portfolio offers investors long-term growth and reliable cash flow at an 11.59% market cap rate and 6.46 market GRM. Reach out to Listing Agent for the full combined marketing package.
Harbor City is located in California.
