1340 255th St, Los Angeles, CA 90710
- $1,295,000
- 9
- BD
- 9
- BA
- 4,595
- SqFt
- List Price
- $1,295,000
- MLS#
- 26870473
- Year Built
- 1988
- Bedrooms
- 9
- Bathrooms
- 9
- Living Sq. Ft
- 4,595
- Lot Size
- 6,727
- Days on Market
- 21
- Property Type
- Multifamily
- Stories
- 2
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.).
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- None
- Number of Cars in Garage
- Assigned, Garage Is Attached, Garage Is Detached
Mortgage Calculator
Courtesy of Avenue Realty Group, Jonathan Rawson - CA DRE#02010400
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