Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
76 Total Sales
1105 252nd St Harbor City, CA 90710
3
Beds
2
Baths
6,776
Sq Ft
0.28
Acres
About This Home
As of October 2024Located in Harbor City, California, 1105 W. 252nd Street is a 10-unit value-add apartment building with over 80% rental upside*. The property is priced at just $137,500 per unit and $203 per square foot, and offers a 11.54% market cap rate and 5.85 market GRM. The building features (8) 2BD /1BA units and (2) 1BD /1BA units, as well as (10) surface parking spaces within the secured access lot. Over $165K in property improvements include a double-pane windows, new copper plumbing throughout the building, major plumbing and bathroom upgrades, and parking resurfacing/ restriping. Harbor City is a growing community strategically situated near major employment centers and within convenient access to commuter thoroughfares. Just seven miles away, developers are spending nearly $1 billion to transform the LA Waterfront into 400 acres of world-class facilities for entertainment, recreation, education and innovation.
Last Agent to Sell the Property
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 08/27/2024
Co-Listed By
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01376219
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 0.28 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,776 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Listing and Financial Details
- Legal Lot and Block 1 / 15
- Tax Tract Number 1589
- Assessor Parcel Number 7413008016
- $2,548 per year additional tax assessments
Community Details
Overview
- 10 Units
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $4,513
- Fuel Expense $4,513
- Gardener Expense $1,200
- Insurance Expense $8,400
- Maintenance Expense $6,500
- Other Expense $2,250
- Pest Control $1,000
- Professional Management Expense $6,384
- Trash Expense $4,513
- Water Sewer Expense $4,513
- New Taxes Expense $19,109
- Operating Expense $64,398
- Gross Income $127,681
- Net Operating Income $63,283
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/25/2024 10/25/24 | Sold | $1,375,000 | 0.0% | $203 / Sq Ft |
| 10/01/2024 10/01/24 | Pending | -- | -- | -- |
| 10/01/2024 10/01/24 | For Sale | $1,375,000 | 0.0% | $203 / Sq Ft |
| 09/27/2024 09/27/24 | Off Market | $1,375,000 | -- | -- |
| 09/24/2024 09/24/24 | Price Changed | $1,375,000 | -8.0% | $203 / Sq Ft |
| 08/27/2024 08/27/24 | For Sale | $1,495,000 | -- | $221 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Robert Stepp
-
Todd Hawke
Seller Co-Listing Agent in 2024
Todd Hawke
Keller Williams Realty Downey
(310) 774-3746
1 in this area
10 Total Sales
-
Avinash Narang
Buyer's Agent in 2024
Avinash Narang
BRC Advisors BH
(818) 288-0697
3 in this area
54 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24178025
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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