1676 254th St, Harbor City, CA 90710

1676 254th St, Harbor City, CA 90710

Harbor City, CA
$1,035,000

Property Description

We are pleased to present 1676 254th Street, Harbor City. This triplex consists of (3) 2-bedroom 1-bathroom units with a total living area of 2,486 SqFt situated on a very large 12,079 SqFt lot, that sits street to alley, zoned R-2. Each unit has their own washer/dryer hookups, private fenced-off yards, and have had general updates. You can easily park 8 to 10 cars between both ends of the property. This property is perfect for an investor looking to purchase a strong operating income property, or the opportunity to develop in the future on a large lot that sits street to alley.

Property Features

  • Sale Price: $1,035,000
  • Area Size: 2,486 Sq. Ft.
  • Land Area: 12,078 Sq. Ft.
  • Year Built: 1920
  • Listing Date: 2/3/2023
  • Closing Date: 3/28/2023
  • Units: 3
  • Current GRM: 15.09
  • Current Cap Rate: 4.67%
  • Price Per Unit: $349,667
  • Market GRM: 12.67
  • Market Cap Rate: 5.90%
  • Current NOI: $ 48,962