Price Reduced Listing
$1,100,000
 $5,905 est/mo Sourced by Back At You

1503 257th,Harbor City, CA 90710

Harbor City, CA 90710

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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.

Details

MLS #SB26139825
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1951
Days On Site70
Listing Provided ByCompass | Joshua Hammond

Features

SQ Feet3,551
Garage4
Story(s)2
Units4
Building(s)2
Acreage0.15

Exterior

Lot FeaturesCorner Lot

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesSidewalks

Area Information

StateCA
CountyLos Angeles
CityHarbor City
Zip Code90710
Area124 Harbor City
Listing VS Median (in 90710)
Price:
$1,100,000
low | high
Med:
$750,000
81.818181818182% of Average
sqft:
3,551
low | high
Med:
1,689
100% of Average
$ / sqft:
$310
low | high
Med:
$444
6.652672372033% of Average
On site:
70
low | high
Med:
40
100% of Average
Sourced by Back At You

Market Activity 90710

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Learn More About This Property

Stephen Jacobs

Stephen Jacobs

Desert Lifestyle Properties

00927784Accredited Buyer Representative, Resort Certification, Green Designated (760) 413-0117stephen@withaph.com
StateCA
CountyLos Angeles
CityHarbor City
Zip Code90710
Area124 Harbor City
Listing VS Median (in 90710)
Price:
$1,100,000
low | high
Med:
$750,000
81.818181818182% of Average
sqft:
3,551
low | high
Med:
1,689
100% of Average
$ / sqft:
$310
low | high
Med:
$444
6.652672372033% of Average
On site:
70
low | high
Med:
40
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $825K - $1.375M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
26011 Belle Porte Property Photo 1
$1,175,000
26011 Belle Porte
Harbor City, CA 90710
Listing Updated: August 31, 2026 at 9:53:20 PM PDT

Stephen Jacobs - Desert Lifestyle Properties