$10,950,000 Price Analysis   ♡   Harbor City, CA 90710 96 bed 48 bath 52,233 SqFt ($209/SqFt) 1.89 acre lot. Built 1954 Listed 2024-05-02, Taxes $4,014 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Price reduced $1
* Sale Pending *000, 000! The Harbor View Apartments, located at 1223-1281 Anaheim Street in Harbor City, are a 48-unit multifamily complex is available for sale for the first time in 22 years. Current income is solid and the investment boasts projected rental upside of approximately 40% +/-. The units themselves are all big 2 Bed / 1 Baths averaging about 1, 000 square feet each. Units are all individually metered for gas and electricity and there is a RUBS program implmented, helping reduce utility costs for ownership. Tenants will enjoy plenty of covered parking at the rear of the property (with small storage cubbies), onsite laundry and attractively landscaped grounds. The property is comprised of twelve separate buildings across nearly two acres of land. While still being located in the South Bay, there is convenient freeway and transit access to most of Los Angeles!
An asset of this size is rarely available for sale in the South Bay and an astute investor will not want to miss their chance to own a reliable investment in a proven market.
Presented by Josh S Cohen at
Keller Williams Realty Beach Cities.
Property MLS #SB24088351 from CRMLS
Additional Parcels: Yes
Lot Description: Rectangular Lot
Lot Size Acres: 1.885
Lot Size Source: Assessor
Lot Size Square Feet: 82111
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 1
Rent Control: Yes
County: Los Angeles
Cap Rate: 5.42
Other Expense: 429874.00
Source Property Type: Residential Income
Area: 124 - Harbor City
Source Neighborhood: 124 - Harbor City
Number of Separate Electric Meters: 60
Number of Separate Gas Meters: 60
Number of Separate Water Meters: 1
Parcel Number: 7411023025
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $139,201 + $125,277 $264,478 | $4,014 |
| 2021 | $136,472 + $122,821 $259,293 | $3,941 |
| 2020 | $135,073 + $121,562 $256,635 | $3,969 |
| 2019 | $132,425 + $119,179 $251,604 | $3,834 |
| 2018 | $129,829 + $116,843 $246,672 | $3,774 |
| 2017 | $127,284 + $114,552 $241,836 | $3,695 |
| 2016 | $124,789 + $112,306 $237,095 | $3,571 |
| 2015 | $122,915 + $110,620 $233,535 | $3,517 |
| 2014 | $120,508 + $108,454 $228,962 | $3,541 |
| 2013 | $119,964 + $107,964 $227,928 | $3,529 |
| 2012 | $117,612 + $105,848 $223,460 | $3,566 |
| 2010 | $115,306 + $103,773 $219,079 | $3,510 |
| 2009 | $114,717 + $103,243 $217,960 | $3,369 |
| 2009 | $114,445 + $102,998 $217,443 | $3,369 |
| 2008 | $112,468 + $101,219 $213,687 | $3,228 |
| 2007 | $110,263 + $99,235 $209,498 | $3,101 |
$10,950,000
CRMLS
Listed 2024-05-02
$11,950,000
CRMLS
Year Built: 1954
Building Features: 12
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 70
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.