1340 255th Street, Los Angeles, CA, 90710

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$1,295,000
40 Days On Site

1340 255th Street
Los Angeles, CA 90710

For Sale|Residential Income|Active Under Contract
9
Beds
9
Total Baths
4,595
SqFt
$282
/SqFt
1988
Built
County:
Los Angeles
Listed by Jonathan Rawson of Avenue Realty Group jon@avenuerg.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
1340 255th Street1340 255th Street1340 255th Street1340 255th Street
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Monthly Payment (Est.)

$5,908
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Rare opportunity to purchase a 1988 construction 4plex that will be delivered 100% VACANT! Enjoy the endless opportunities of either a family living in 1 or 2 units and renting the other 2 or 3 for passive income or rent all 4 units at market and generate substantial cash flow at a 6.81% cap rate when fully leased. The property is NOT subject to LA City Rent Control (RSO), and features a lucrative and top-heavy unit mix of (1) 3 Bed/2.5 Bath & (3) 2 Bed/2 Bath units with large open floor plans with great sized bedrooms and bathrooms, including fireplaces in the living room. All units have large & reserved garage parking in the back accessed by the driveway, and garages have storage units inside. A brand-new roof was installed in 2023, a new master water heater, and recent plumbing repairs. Great location for any family and tenants as it is just a few blocks away and less than 1 mile from Kaiser Permanente South Bay, Ken Malloy Harbor Regional Park / Machado Lake, and Harbor Park Golf Course, and less than 2 miles away from LA Harbor City College, and just 2 miles away from Rolling Hills Plaza that includes major retailers and institutions (Trader Joes, Costco, Smart & Final, Dim SUM, AMC & IMAX Theatres, CPK, Mendocino Farms, 24 Hour Fitness, Skechers, Nike Factory, etc.).

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Listing Snapshot
Price 
$1,295,000
Days On Site 
40 Days
Bedrooms 
9
Inside Area (SqFt) 
4,595 sqft
Total Baths 
9
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1544 Acres
Year Built 
1988
MLS® Number 
26870473
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 days agoListing updated with changes from the MLS®
3 weeks agoStatus changed to Active Under Contract
a month agoListing first seen on site
General Features
Acres 
0.1544
Attached Garage 
Yes
Levels 
Two
Number Of Stories 
2
Parking 
AttachedAssigned
Parking Spaces 
4
Special Circumstances 
Probate Listing
SqFt Total 
4595
Zoning 
LARD1.5
Interior Features
Appliances 
DishwasherDisposalMicrowaveRefrigerator
Fireplace 
Yes
Fireplace Features 
Living Room
Heating 
Wall Furnace
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Community Features
MLS Area 
124 - Harbor City


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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