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$ 1,295,000
Est. payment /mo
New
1340 255th ST Los Angeles, CA 90710
9 Beds
9 Baths
4,595 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,595 sqft
Price per Sqft $281
MLS Listing ID 26870473
Bedrooms 9
HOA Y/N No
Year Built 1988
Lot Size 6,725 Sqft
Property Description
Rare opportunity to purchase a 1988 construction 4plex that will be delivered 100% VACANT! Enjoy the endless opportunities of either a family living in 1 or 2 units and renting the other 2 or 3 for passive income or rent all 4 units at market and generate substantial cash flow at a 6.81% cap rate when fully leased. The property is NOT subject to LA City Rent Control (RSO), and features a lucrative and top-heavy unit mix of (1) 3 Bed/2.5 Bath & (3) 2 Bed/2 Bath units with large open floor plans with great sized bedrooms and bathrooms, including fireplaces in the living room. All units have large & reserved garage parking in the back accessed by the driveway, and garages have storage units inside. A brand-new roof was installed in 2023, a new master water heater, and recent plumbing repairs. Great location for any family and tenants as it is just a few blocks away and less than 1 mile from Kaiser Permanente South Bay, Ken Malloy Harbor Regional Park / Machado Lake, and Harbor Park Golf Course, and less than 2 miles away from LA Harbor City College, and just 2 miles away from Rolling Hills Plaza that includes major retailers and institutions (Trader Joes, Costco, Smart & Final, Dim SUM, AMC & IMAX Theatres, CPK, Mendocino Farms, 24 Hour Fitness, Skechers, Nike Factory, etc.).
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Exterior
Parking Features Assigned
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7410028038
Special Listing Condition Probate Listing
Listed by Jonathan Rawson Avenue Realty Group #02010400
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