I am proud to present this 4-unit apartment in Harbor City! 1618 259th St is a fantastic opportunity to acquire a 1986 construction apartment in the supply constricted South Bay. The property is not subject to LA City RSO. There is currently one vacancy at the property. The property is currently performing at a 4.75% Cap Rate & a 14.87 GRM and features a great unit mix of 1 and 2 bedroom floorplans. The building features 4 total parking spaces, 1 garage (currently rented for $200/month) and a common area laundry room (owned machines). All units are due for rent increases on 1/1/2024.
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