Listing provided courtesy of Matthews Real Estate Investment Services- MLS# 26664277
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Request Info1340 253rd StHarbor City, CA 90710
Multi-Family · 16 Beds · 5,192 Sq. ft. | 0.16 Acres$1,550,000
Active
1340 253rd St Overview
- Time on Site:
- 108 days
- Visits:
- 0
We are proud to present 1340 W 253rd Street, an 8-unit two-story apartment building in Harbor City, California offered at $1,550,000. Built in 1957, the unit mix includes eight residential units with a mix of two-bedroom and three-bedroom floor plans. The property has undergone several improvements including tile flooring throughout, 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 shares a secured courtyard and parking with the adjacent 8-unit building at 1344 W 253rd Street (MLS# 26843231), and both properties must be sold concurrently at a combined asking price of $3,100,000 $193,750/unit. With approximately 57% rental upside, this portfolio offers investors long-term growth and reliable cash flow at an 11.59% market cap rate and 6.46 market GRM. Reach out to Listing Agent for the full combined marketing package.
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1340 253rd St Facts & Features
- Type Multi-Family
- Sq. ft. 5,192
- Price/Sq.ft. $299
- Lot 0.16 Acres
Details
General
Income/Expenses
- Gross Income: 302024
- Net Operating Income: 191030.00
Building Information
- Year Built: 1957
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: Harbor City
Rent/Lease Information
- Tenant Pays: Gas, Electricity
Tax Information
- Tax Assessed Value: 1677768
General Information
- Disclosures: As Is
- Property Type: Residential Income
- Rent Control: True
- Zoning: LARD2
Interior
Beds/Baths
- Bathrooms Total: 8.00
- Bedrooms Total: 16
General Information
- Cooling: Other
- Heating: Other
- Levels: Multi/Split
- Living Area: 5192
- Living Area Source: Assessor
- Security Features: Card/Code Access, Gated, Resident Manager
- Stories: 2
Exterior
Parking Information
- Parking Total: 11
Lot Information
- Additional Parcels Description: True
- Lot Size Acres: 0.1602
- Lot Size Area: 6979
- Lot Size Dimensions: 50x140
- Lot Size Source: Assessor
- Number Of Buildings: 1
General Information
- Number Of Units Total: 8
- Other Structures: None
1340 253rd St Neighborhood
Community
90710 (HARBOR CITY) Demographics
39
Median Age
12,131
Population Density (per sq. mile)
39%
College Educated
$65,119
Estimated Median Income
5,132
Estimated Total Home Owners
4,307
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1340 253rd St Monthly Cost
1340 253rd St Market Data
Based on the last 30 days in this zip code
$839,414
Average List Price
$540
Average Price per Square Foot
7
Properties Sold
66
Average Days on Market
97
Properties for Sale
1340 253rd St History
| Date | Value | Agent |
|---|---|---|
| 6/5/2026Source: CRMLS | $1,550,000 -50.0% |
|
| 6/5/2026Source: TheMLS (CLAW) | $1,550,000 -50.0% |
|
| 6/4/2026Source: CRMLS | $3,100,000 -1.6% |
|
| 6/4/2026Source: TheMLS (CLAW) | $3,100,000 -1.6% |
|
| 3/13/2026Source: CRMLS | March 13, 2026 |
|
| 3/13/2026Source: TheMLS (CLAW) | March 13, 2026 |
|
| 10/5/2022Source: CRMLS | October 05, 2022 |