Excellent investment opportunity in the highly desirable Harbor City area of Los Angeles. This is a well-maintained multi-family property that features two
separate four-unit buildings with approximately 7,408 sq ft of interior living space situated on a lot over 15,500 sq ft in size. Each of the eight units
offers 2 bedrooms and 1 bathroom with over 900 sq ft of living space. The property includes detached garage
parking for each unit, with storage shelves, and community laundry facilities that offer investors additional income. Recent improvements include exterior
painting, roof, and upgraded electrical panel. Many units feature updated kitchens and bathrooms along with flooring. Utilities are individually
metered for gas and electricity. The property benefits from stable and reliable tenants on month-to-month leases, offering flexibility for future rent adjustments. One unit is vacant.
Conveniently located with easy access to major freeways, and close to schools, shopping, and healthcare facilities including Kaiser Permanente South Bay Medical Center. A rare opportunity to acquire a stable, low maintenance, income-producing asset in a strong rental market. This is a trust sale. Property sold As-is.
Reach out to the listing agent to verify details and receive further information
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
15,722 sq. ft.1,461 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1955
(Age: 71)
General Listing Location:
Harbor City, 124 - Harbor City
County Or Parish:
Los Angeles
Tenant Pays:
Electricity, Gas
Common Interest:
None
Gross Income:
$178,356
Gross Scheduled Income:
$178,356
Net Operating Income:
$131,129
Cap Rate %:
5.7
Rent Control:
Yes
Total Actual Rent:
$12,763
Association Fee:
$0
Land Lease:
No
Electric Expense:
$1,200
Fuel Expense:
$391
Gardener expense:
2400.0
Insurance Expense:
$10,016
Taxes expense:
22103.0
Operating Expense:
$47,227
Professional Management Expense:
$0
Trash Expense:
$5,154
Water and Sewer Expense:
$5,963
Tax Lot:
12
Anaheim St and Frampton Ave
Floor
Type
Size
Other
-
Living Room
Measurements not available
-
-
Kitchen
Measurements not available
-
View:
Neighborhood
Accessibility Features:
Parking
Number of Buildings:
2
# of Electric Meters:
8
# of Gas Meters:
8
# of Water Meters:
2
# Units Leased:
7
Community Features:
Sidewalks
Senior Community:
No
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Paved
Fireplace Features:
None
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
1
New Constr.:
No
Flooring:
Laminate
Common Walls:
1 Common Wall
# Units:
8
Heating:
Wall Furnace
Fireplace:
No
Cooling:
None
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected