1340 255th ST, Los Angeles, CA 90710
1340 255th ST, Los Angeles, CA 90710
1340 255th ST, Los Angeles, CA 90710
1340 255th ST, Los Angeles, CA 90710
1340 255th ST, Los Angeles, CA 90710
1340 255th ST, Los Angeles, CA 90710
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Michael Fox

Michael Fox

+1(619) 885-0498
$ 1,295,000
Est. payment | /mo

9 Beds

9 Baths

4,595 SqFt

Save
$ 1,295,000
Est. payment | /mo
Save

9 Beds

9 Baths

4,595 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,595 sqft

Price per Sqft $281

MLS Listing ID 26870473

Bedrooms 9

HOA Y/N No

Year Built 1988

Lot Size 6,725 Sqft

Property Description

Rare opportunity to purchase a 1988 construction 4plex that will be delivered 100% VACANT! Enjoy the endless opportunities of either a family living in 1 or 2 units and renting the other 2 or 3 for passive income or rent all 4 units at market and generate substantial cash flow at a 6.81% cap rate when fully leased. The property is NOT subject to LA City Rent Control (RSO), and features a lucrative and top-heavy unit mix of (1) 3 Bed/2.5 Bath & (3) 2 Bed/2 Bath units with large open floor plans with great sized bedrooms and bathrooms, including fireplaces in the living room. All units have large & reserved garage parking in the back accessed by the driveway, and garages have storage units inside. A brand-new roof was installed in 2023, a new master water heater, and recent plumbing repairs. Great location for any family and tenants as it is just a few blocks away and less than 1 mile from Kaiser Permanente South Bay, Ken Malloy Harbor Regional Park / Machado Lake, and Harbor Park Golf Course, and less than 2 miles away from LA Harbor City College, and just 2 miles away from Rolling Hills Plaza that includes major retailers and institutions (Trader Joes, Costco, Smart & Final, Dim SUM, AMC & IMAX Theatres, CPK, Mendocino Farms, 24 Hour Fitness, Skechers, Nike Factory, etc.).

Location

State CA

County Los Angeles

Area 124 - Harbor City

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Disposal, Microwave, Refrigerator

Exterior

Parking Features Assigned

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7410028038

Special Listing Condition Probate Listing

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jonathan Rawson Avenue Realty Group #02010400

NEARBY SCHOOLS & PROPERTIES

Michael Fox

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 885-0498

mike@thefoxfactor.com

1420 Kettner Blvd, San Diego, CA, 92101, USA

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1340 255th ST