1648 254th Street

    Harbor City, CA 90710
    • $1,049,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: SB18010273
    $1,049,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,388
      SQFT
    • $239
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    1648 254th St is a 4-unit property located in the heart of Harbor City. This property has a unit mix consisting of (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units, all situated on a large 12,077 sq. ft. lot. The front unit is surrounded by a well-maintained lawn and shrubbery, and all of the units have their own laundry hookups. In the rear, there are (2) 1-car garages and (1) 2-car garage, with plenty of additional parking on the quiet residential street. This property is subject to rent control, but three of the four units will be delivered vacant upon closing. With a market CAP of 4.7% and a GRM of 14, this is an incredible investment opportunity for anyone looking to maximize cash flow and acquire assets in the beautiful South Bay!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/79977131

    1648 254th Street Harbor City, CA 90710

    • Price: $1,049,000
    • Status: Active
    • ID#: SB18010273
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    4,388
    SQFT
    $239
    $/SQFT
    1954
    Built
    Neighborhood:
    124 - Harbor City
    County:
    Los Angeles
    Area:
    124 - Harbor City
    Property Description
    1648 254th St is a 4-unit property located in the heart of Harbor City. This property has a unit mix consisting of (1) 3-bed/2-bath unit and (3) 2-bed/1-bath units, all situated on a large 12,077 sq. ft. lot. The front unit is surrounded by a well-maintained lawn and shrubbery, and all of the units have their own laundry hookups. In the rear, there are (2) 1-car garages and (1) 2-car garage, with plenty of additional parking on the quiet residential street. This property is subject to rent control, but three of the four units will be delivered vacant upon closing. With a market CAP of 4.7% and a GRM of 14, this is an incredible investment opportunity for anyone looking to maximize cash flow and acquire assets in the beautiful South Bay!
    Exterior Features

    Garage Spaces 4.00 Lot Features Front YardLawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Gas Dryer HookupWasher Hookup

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 41304.00 Gross Scheduled Income 41304.00 Insurance Expense 1100.00 Land Lease YN No Laundry YN Yes Net Operating Income 21099.00 New Taxes Expense 13466.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 20205.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 20205.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of J.Woody Stahl of Lyon Stahl Investment Real Estate, Inc. and Brett Lyon of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003