Harbor City, CA 90710,1223 Anaheim ST
Harbor City, CA 90710,1223 Anaheim ST
Harbor City, CA 90710,1223 Anaheim ST
27
$10,200,000
$10,950,000
6.8%
Est.Price: ?

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1.88 Acres Lot

1223 Anaheim ST Harbor City, CA 90710

Est. payment /mo
SOLD DATE : 09/12/2024

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Key Details

Sold Price $10,200,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24088351

Sold Date 09/12/24

HOA Y/N No

Year Built 1954

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.

Location

State CA

County Los Angeles

Area 124 - Harbor City

Zoning LAR3

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7411023025

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Josh Cohen • Keller Williams Beach Cities • 310-480-2130
Bought with Josh Cohen • Keller Williams Beach Cities

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Jeff Underdahl

CEO/Team Leader | License ID: 01077484

+1(760) 271-8772

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