1401 Pacific Coast Highway,  Harbor City CA, 90710 (Residential Income)

7,368 sqft
Status: Sold
MLS#: SB16169710
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Last Updated: 12/9/2016 11:17 AM
Description for 1401 Pacific Coast Highway Harbor City, CA 90710
An almost 6.5% cap opportunity along PCH (Hwy 1). Desirable accessibility for the tenants and excellent visibility for the retailers, in this location. The subject property is made up of 7 apartment units and retail/office in some of the ground floor space. The units are all separately-metered and the apartment tenants have carport parking in the rear. A strong play for an investor at $120K/unit and a 6.37% cap rate. Aka 25737 Belle Porte Ave. Sold as part of a 2 building portfolio or can be sold separately. 581 Bonita St in San Pedro is the other building in the portfolio. A 4 unit asset (all 2 Bd units) on an attractive residential street in gentrifying San Pedro. At the corner of Pacific Coast Highway and Belle Porte Ave. This South Bay city sits at the base of beautiful Palos Verdes and is sandwiched between Torrance and the 110 Fwy. The adjacent city of Torrance is a hub of jobs: Exxon/Mobil, Dow Chemical, Toyota, Honda and Lexus. The other border of Harbor City is the 110 Fwy...providing easy access to the Port of LA to the South and Greater LA to the North.
Price
Sold Price:
$1,100,000
Sold Date:12/07/2016
Los Angeles
7,368 (approx)
SB16169710
Closed
Description
An almost 6.5% cap opportunity along PCH (Hwy 1). Desirable accessibility for the tenants and excellent visibility for the retailers, in this location. The subject property is made up of 7 apartment units and retail/office in some of the ground floor space. The units are all separately-metered and the apartment tenants have carport parking in the rear. A strong play for an investor at $120K/unit and a 6.37% cap rate. Aka 25737 Belle Porte Ave. Sold as part of a 2 building portfolio or can be sold separately. 581 Bonita St in San Pedro is the other building in the portfolio. A 4 unit asset (all 2 Bd units) on an attractive residential street in gentrifying San Pedro. At the corner of Pacific Coast Highway and Belle Porte Ave. This South Bay city sits at the base of beautiful Palos Verdes and is sandwiched between Torrance and the 110 Fwy. The adjacent city of Torrance is a hub of jobs: Exxon/Mobil, Dow Chemical, Toyota, Honda and Lexus. The other border of Harbor City is the 110 Fwy...providing easy access to the Port of LA to the South and Greater LA to the North.
Listing Information
Property Type: Cluster, 2 Story
0.18 Acres 809,200 sq.ft. 7,368 (approx)
$149.29 1963
2
10 Total
Neighborhood
Room Information
Exterior / Lot Features
None
No Pool
LAC2
Sidewalks, Curbs Walk
Driving Directions
Cross Streets: Belle Porte at PCH
Financial Considerations
7410009042
$108,430 Income ,$28,828Expense
Listing Price History

Harbor City Real Estate

Harbor City is located in California. Harbor City, California 90710 has a population of 27,486.

The median household income in Harbor City, California 90710 is $55,148. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Harbor City 90710 is 36.9 years.

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Courtesy: RE/MAX Commercial & Inv Realty Brice Head
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