NOT LISTED FOR SALE
3 Beds
2 Baths
6,776 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: October 25, 2024

Last sale price $1,375,000 $203 Per Sq Ft

35 Days on Market

About This Home

As of October 2024

Located 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

Robert Stepp

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 08/27/2024

Keller Williams Realty Downey

Co-Listed By

Todd Hawke

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01376219

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 12,244 Sq Ft 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.28 Acres

Listing Details

  • CapRate: 4.00
  • Professional Management Expense: 6384.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4513.00
  • Zoning: LAR1
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7413008016
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 202.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: No
  • Pest Control Expense: 1000.00
  • Sewer: Public Sewer
  • Trash Expense: 4513.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 12244.00
  • Lot Size Acres: 0.2811

Multi Family

  • Electric Expense: 4513.00
  • Fuel Expense: 4513.00
  • Gross Income: 127681.00
  • Gross Multiplier: 11.36
  • Gross Scheduled Income: 131629.00
  • Insurance Expense: 8400.00
  • Lot Size Area: 12244.0000 Square Feet
  • Maintenance Expense: 6500.00
  • Net Operating Income: 63283.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 64398.00
  • Other Expense: 2250.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 64398.00

Tax Info

  • New Taxes Expense: 19109.00
  • Tax Block: 15
  • Tax Census Tract: 2944.21
  • Tax Lot: 1
  • Tax Tract Number: 1589
  • TaxOtherAnnualAssessmentAmount: 2548.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Oct 1, 2024
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Avinash Narang
BRC Advisors BH
List Price
$1,375,000
Sold Price
$1,375,000
Views
20

Purchase Details

Closed on
Sep 23, 2019
Sold by
Bought by

Purchase Details

Closed on
Sep 20, 2010
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Harbor City, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,375,000 Ticor Title Company
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $625,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,042 $1,375,000 $895,000 $480,000
2024 $16,152 $1,130,440 $879,234 $251,206
2023 $15,859 $1,108,276 $861,995 $246,281
2022 $15,194 $1,086,546 $845,094 $241,452
2021 $14,974 $1,065,242 $828,524 $236,718
2020 $15,101 $1,055,820 $820,029 $235,791
2019 $14,562 $1,035,148 $803,950 $231,198
2018 $14,298 $1,014,882 $788,187 $226,695
2016 $13,589 $974,033 $757,582 $216,451
2015 $13,386 $959,403 $746,203 $213,200
2014 $13,459 $940,610 $731,586 $209,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24178025

California Regional Multiple Listing Service (CRMLS)
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