First time on the market in 25 years! This well-maintained 9-unit multifamily property presents a rare opportunity for investors seeking strong rental income in a high-demand area. The property includes six spacious 3-bedroom, 2-bath townhouse-style units, each with private patios, two 2-bedroom, 1-bath units, and one single.
Recent updates include a brand-new roof (2024), freshly painted exterior, and attractive new landscaping. The building offers off-street parking with a combination of carport spaces, a 2-car garage, and driveway access.
Conveniently located near schools, shopping centers, and major freeways, this property offers long-term upside potential and stable tenancy. Don’t miss this rare chance to own a quality apartment building in the heart of Harbor City.
Current CAP rate of 5.02% with a potential 8.80% CAP rate at market rents. Current GRM is 11.27 and Market GRM of 7.90.
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Listing Snapshot
Price
$2,300,000
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
9,812 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2053 Acres
Year Built
1965
MLS® Number
SB25172705
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
yesterday
Listing first seen on site
yesterday
Listing updated with changes from the MLS®
General Features
Acres
0.2053
Carport
5
Foundation
Slab
Garage
Yes
Garage Spaces
2
Number Of Stories
2
Parking
AssignedDetached CarportDrivewayGarage
Parking Spaces
9
Property Sub Type
Mixed Use
Security
Carbon Monoxide Detector(s)Smoke Detector(s)
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
9812
Stories
Two
Style
Traditional
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source
Public
Zoning
LAR3
Interior Features
Appliances
Gas OvenGas RangeWater Heater
Fireplace
Yes
Fireplace Features
Family RoomOutside
Flooring
CarpetTileVinyl
Heating
Forced AirWall Furnace
Interior
Ceiling Fan(s)Granite Counters
Laundry Features
Common AreaLaundry Room
Bedroom
Family Room
Kitchen
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Exterior Features
Construction Details
FrameStuccoWood Siding
Fencing
Wood
Lot Features
Corner LotFront YardLevel
Other Structures
Storage
Pool Features
None
Road Frontage
City Street
Roof
CompositionFlat
Spa Features
None
View
Neighborhood
Waterview
Neighborhood
Community Features
Building Access
1
Community Features
CurbsStreet LightsSuburbanSidewalks
Financing Terms Available
1031 Exchange
MLS Area
124 - Harbor City
Roads
Paved
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. The 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, the 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.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.