$2,200,000

$2,300,000 4.3%

Est. payment - /mo

8,942 Sqft Lot

UPDATED:

Key Details

Sold Price $2,200,000

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB25172705

Sold Date 09/11/25

HOA Y/N No

Year Built 1965

Lot Size 8,942 Sqft

Property Sub-Type Mixed Use

Property Description

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.

This property is subject to the City of Los Angeles RSO.

Location

State CA

County Los Angeles

Area 124 - Harbor City

Zoning LAR3

Rooms

Other Rooms Storage

Interior

Interior Features Ceiling Fan(s), Granite Counters, Bedroom on Main Level

Heating Forced Air, Wall Furnace

Cooling None

Flooring Carpet, Tile, Vinyl

Fireplaces Type Family Room, Outside

Fireplace Yes

Appliance Gas Oven, Gas Range, Water Heater

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned, Detached Carport, Driveway Level, Driveway, Garage

Garage Spaces 2.0

Carport Spaces 5

Garage Description 2.0

Fence Wood

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition,Flat

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Corner Lot, Front Yard, Level, Sprinkler System

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Two

Additional Building Storage

New Construction No

Others

Senior Community No

Tax ID 7410024037

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 5200.0

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

Read Less Info

Listed by Jim Porter Porter Heritage 310-408-8129
Bought with Keiko Shibanai EXP REALTY OF CALIFORNIA INC

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25633 President AVE Harbor City, CA 90710