11
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$1,149,000
Est. payment /mo
6,708 Sqft Lot
Active
1503 257th Harbor City, CA 90710
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26139825
HOA Y/N No
Year Built 1951
Lot Size 6,708 Sqft
Property Sub-Type Quadruplex
Property Description
This fully occupied 4-unit quadruplex at 1503 W 257th St offers one of the most compelling value-add stories on the market today — with rents significantly below market rate, the path to a 7% CAP rate is already mapped out for you.
Major updates in 2020: Full remodel of front house, exterior paint and termite clerance/tenting.
The property currently generates $5,543/month in gross rents, but make no mistake — that number tells only half the story. With units priced well under prevailing market rents in the Harbor City area, a savvy buyer has immediate runway to close the gap and dramatically boost NOI. Bring rents to market and this property performs at a 7% CAP rate — exceptional for the Los Angeles South Bay market.
Spanning 3,551 sq ft across 9 bedrooms and 4 bathrooms on a corner lot, this well-maintained quadruplex offers the scale to move the needle. Four garage spaces add a premium amenity that commands top-of-market rents and reduces vacancy. In-unit laundry hookups in each unit further strengthen the rental appeal.
Harbor City's fundamentals back up the upside. A Walk Score of 87 means tenants aren't going anywhere — strong walkability drives demand, limits vacancy, and supports rent growth over time. With schools, shopping, and transit all nearby, this location consistently attracts quality, long-term renters.
Major updates in 2020: Full remodel of front house, exterior paint and termite clerance/tenting.
The property currently generates $5,543/month in gross rents, but make no mistake — that number tells only half the story. With units priced well under prevailing market rents in the Harbor City area, a savvy buyer has immediate runway to close the gap and dramatically boost NOI. Bring rents to market and this property performs at a 7% CAP rate — exceptional for the Los Angeles South Bay market.
Spanning 3,551 sq ft across 9 bedrooms and 4 bathrooms on a corner lot, this well-maintained quadruplex offers the scale to move the needle. Four garage spaces add a premium amenity that commands top-of-market rents and reduces vacancy. In-unit laundry hookups in each unit further strengthen the rental appeal.
Harbor City's fundamentals back up the upside. A Walk Score of 87 means tenants aren't going anywhere — strong walkability drives demand, limits vacancy, and supports rent growth over time. With schools, shopping, and transit all nearby, this location consistently attracts quality, long-term renters.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Interior
Fireplace No
Laundry Gas Dryer Hookup, In Kitchen
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7410008032
Acceptable Financing 1031 Exchange, Submit
Listing Terms 1031 Exchange, Submit
Special Listing Condition Standard
Listed by Joshua Hammond Compass 424-903-9319, DRE #01815056
NEARBY SCHOOL & BUSINESS
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