1340 & 1344 253rd Street, Harbor City, CA 1340 253rd St 16 Unit Apartment Building $3,175,000 ($198,438/Unit) 5.94% Cap Rate Harbor City, CA 90710

THE OPPORTUNITY
Matthews Real Estate Investment Services Inc., is proud to present 1340 & 1344 253rd Street in Harbor City, California. This opportunity consists of two adjacent two-story apartment buildings, each with eight residential units, for a total of 16 units. Built in 1957 and 1958, the unit mix includes (15) two-bedroom units and (1) three-bedroom unit. The properties have undergone several improvements over the years, including tile flooring throughout (no carpet), 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 has two security gates, accessible from the front and back parking lot. With approximately 60% rental upside, the portfolio is ideal for investors seeking long-term growth and reliable cash flow.
THE LOCATION
Located north of Pacific Coast Highway and south of Lomita Blvd with easy access to major freeways, public transit, shopping, dining, and recreational amenities. Just a short drive to Kaiser Permanente South Bay Medical Center, Ken Malloy Harbor Regional Park and minutes to Torrance Towne Center & Rolling Hills Plaza. These side-by-side properties represent a rare opportunity to acquire a well-located, income-generating asset in a desirable Los Angeles submarket.