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1223 Anaheim ST Harbor City, CA 90710
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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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Bought with Josh Cohen • Keller Williams Beach Cities
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