Multifamily
1651 251st St
1651 251st St, Los Angeles, CA 90710
Listing Price: $895,000
Investment Overview
Marcus & Millichap is pleased to present to market 1651 251st Street in Harbor City, California. This offering presents an excellent opportunity to acquire a three-bed/two-bath home and a two-bed/one-bath home on one lot. The homes feature laundry hookups, patios, and separate gas and electric meters. Additionally, a detached building in the rear offers three garage parking spaces. This property’s detached, single-story floor plans and laundry and garage amenities are sought-after in this rental market.
1651 251st Street is located on the border of Harbor City and Lomita in the desirable inland South Bay. Situated near the intersection of Lomita Boulevard and Western Avenue, the property is proximate to schools, retail, and the 110 Freeway.
The property is occupied by long-term tenants, and current rents are 27 percent below market, offering a new investor significant upside potential.
1651 251st St
Investment Highlights
- Excellent opportunity to acquire two homes on one lot; one is a three-bed/two-bath and the other is a two-bed/one-bath
- Competitively priced at $476 per sqft, well-below comparable sales and Harbor City's average single-family price per sqft
- Amenities include in-unit laundry hookups, garages, and patios
- 27 Percent rental upside
- Located in the desirable inland South Bay rental market on the border of Harbor City and Lomita
Exclusively Listed By
Listing Price: $895,000
Investment Highlights
- Excellent opportunity to acquire two homes on one lot; one is a three-bed/two-bath and the other is a two-bed/one-bath
- Competitively priced at $476 per sqft, well-below comparable sales and Harbor City's average single-family price per sqft
- Amenities include in-unit laundry hookups, garages, and patios
- 27 Percent rental upside
- Located in the desirable inland South Bay rental market on the border of Harbor City and Lomita
Investment Overview
Marcus & Millichap is pleased to present to market 1651 251st Street in Harbor City, California. This offering presents an excellent opportunity to acquire a three-bed/two-bath home and a two-bed/one-bath home on one lot. The homes feature laundry hookups, patios, and separate gas and electric meters. Additionally, a detached building in the rear offers three garage parking spaces. This property’s detached, single-story floor plans and laundry and garage amenities are sought-after in this rental market. 1651 251st Street is located on the border of Harbor City and Lomita in the desirable inland South Bay. Situated near the intersection of Lomita Boulevard and Western Avenue, the property is proximate to schools, retail, and the 110 Freeway. The property is occupied by long-term tenants, and current rents are 27 percent below market, offering a new investor significant upside potential.
Exclusively Listed By
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