Description

Price just reduced $1,000,000! The Harbor View Apartments, located at 1223-1281 Anaheim Street in Harbor City, are a 48-unit multifamily complex is available for sale for the first time in 22 years. Current income is solid, and the investment boasts projected rental upside of approximately 40% +/-! The units themselves are all spacious 2 Bed / 1 Baths averaging about 1,000 square feet each. Units are all individually metered for gas and electricity, and there is a RUBS program implemented, helping reduce utility costs for ownership. Tenants will enjoy plenty of covered parking at the rear of the property (with small storage cubbies), onsite laundry, and attractively landscaped grounds. The property is comprised of twelve separate buildings across nearly two acres of land. While still being located in the South Bay, there is convenient freeway and transit access to most of Los Angeles! An asset of this size is rarely available for sale in the South Bay, and an astute investor will not want to miss their chance to own a reliable investment in a proven market.