Harbor City, CA 90710,1223 Anaheim Street
Harbor City, CA 90710,1223 Anaheim Street
Harbor City, CA 90710,1223 Anaheim Street
Harbor City, CA 90710,1223 Anaheim Street
Harbor City, CA 90710,1223 Anaheim Street
Harbor City, CA 90710,1223 Anaheim Street
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$10,200,000

$10,950,000

6.8%
Est.Price: ?

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Est. payment /mo

2 Beds

1 Bath

1.89 Acres Lot


SOLD DATE : 09/12/2024

Key Details

Sold Price $10,200,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24088351

Sold Date 09/12/24

Bedrooms 2

HOA Y/N No

Lot Size 1.885 Acres

Property Description

Price just reduced $1,000,000! The Harbor View Apartments, located at 1223-1281 Anaheim Street in Harbor City, are a 48-unit multifamily complex is available for sale for the first time in 22 years. Current income is solid, and the investment boasts projected rental upside of approximately 40% +/-! The units themselves are all spacious 2 Bed / 1 Baths averaging about 1,000 square feet each. Units are all individually metered for gas and electricity, and there is a RUBS program implemented, helping reduce utility costs for ownership. Tenants will enjoy plenty of covered parking at the rear of the property (with small storage cubbies), onsite laundry, and attractively landscaped grounds. The property is comprised of twelve separate buildings across nearly two acres of land. While still being located in the South Bay, there is convenient freeway and transit access to most of Los Angeles! An asset of this size is rarely available for sale in the South Bay, and an astute investor will not want to miss their chance to own a reliable investment in a proven market.
Price just reduced $1,000,000! The Harbor View Apartments, located at 1223-1281 Anaheim Street in Harbor City, are a 48-unit multifamily complex is available for sale for the first time in 22 years. Current income is solid, and the investment boasts projected rental upside of approximately 40% +/-! The units themselves are all spacious 2 Bed / 1 Baths averaging about 1,000 square feet each. Units are all individually metered for gas and electricity, and there is a RUBS program implemented, helping reduce utility costs for ownership. Tenants will enjoy plenty of covered parking at the rear of the property (with small storage cubbies), onsite laundry, and attractively landscaped grounds. The property is comprised of twelve separate buildings across nearly two acres of land. While still being located in the South Bay, there is convenient freeway and transit access to most of Los Angeles! An asset of this size is rarely available for sale in the South Bay, and an astute investor will not want to miss their chance to own a reliable investment in a proven market.

Location

State CA

County Los Angeles

Area Harbor City (90710)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 2

Others

Monthly Total Fees $79

Acceptable Financing Cash, Exchange

Space Rent $81,925

Listing Terms Cash, Exchange

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San Diego Regional MLS (SDMLS)
Listed by Josh Cohen • Keller Williams Beach Cities
Bought with Josh Cohen • Keller Williams Beach Cities
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1420 Kettner Blvd, Diego, CA, 92101, United States

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