1648 W 254th St. Harbor City, CA 90710

1648 W 254th St. Harbor City, CA 90710

Harbor City, CA

Property Description

Lyon | Stahl is excited to present 1648 W 254th St, 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!

Property Features

  • Sale Price: $1,066,000
  • Area Size: 4,388 SF
  • Land Area: 12,077 SF
  • Year Built: 1954
  • Closing Date: 3/6/19
  • Units: 4
  • Current GRM: 25.40
  • Current Cap Rate: 2.01%
  • Price Per Unit: $262,250
  • Market GRM: 14.10
  • Market Cap Rate: 4.95%

Lyon Stahl Investment Real Estate

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