We are proud to present 1340 W 253rd Street, an 8-unit two-story apartment building in Harbor City, California offered at $1,550,000. Built in 1957, the unit mix includes eight residential units with a mix of two-bedroom and three-bedroom floor plans. The property has undergone several improvements including tile flooring throughout, upgraded kitchen cabinetry and countertops, enhanced wall heaters and ceiling fans, new stucco and exterior paint, newer water heaters, copper plumbing, and dual-pane windows. The complex shares a secured courtyard and parking with the adjacent 8-unit building at 1344 W 253rd Street (MLS# 26843231), and both properties must be sold concurrently at a combined asking price of $3,100,000 $193,750/unit. With approximately 57% rental upside, this portfolio offers investors long-term growth and reliable cash flow at an 11.59% market cap rate and 6.46 market GRM. Reach out to Listing Agent for the full combined marketing package.
AGENT: Nabil Awada LISTING BROKERAGE: Matthews Real Estate Investment Services
Courtesy of Matthews Real Estate Investment Services. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1340 253rd ST
Harbor City, CA
Property Details
Price:
$1,550,000
MLS #:
26664277
Status:
Active
Beds:
16
Baths:
8
Type:
Single Family
Neighborhood:
124harborcity
Listed Date:
Mar 13, 2026
Finished Sq Ft:
5,192
Total Sq Ft:
5,192
Lot Size:
6,979 sqft / 0.16 acres (approx)
Year Built:
1957
Community Gated124 – Harbor City124harborcity
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Schools
Interior
Levels
S
Exterior
Parking Spots
11
Parking Total
11
Security Features
CRD, GC, MGR
Financial
Gross Operating Income
$301,490
Net Operating Income
$191,030
Map
Community
- Address1340 253rd ST Harbor City CA
- CityHarbor City
- CountyLos Angeles
- Zip Code90710
