1669 261st Street is an eight-unit apartment building for sale in Harbor City, California. This offering presents a great opportunity for an investor to acquire an 80’s construction asset in a dense rental market with consistently low vacancy rates and capture 40 percent potential upside in rents.
1669 261st Street is a 1982 construction with eight one-bedroom/one-bath units that are separately metered for gas and electricity, a laundry room with leased machines, three garage parking spaces, and four carport parking spaces.
The property is located a few blocks south of the Pacific Coast Highway and Western Avenue intersection and the PCH corridor’s numerous retail options: Starbucks and Wingstop are at the nearby intersection. The property is less than a mile from Kaiser Permanente’s South Bay Medical Center, a major employer in the area, and Ken Malloy Harbor Regional Park. Additionally, Los Angeles Harbor College, the 110 Freeway, and Harbor Park Golf Course are all just two miles away.