1503 257th, Harbor City, CA 90710
1503 257th, Harbor City, CA 90710
1503 257th, Harbor City, CA 90710
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$1,149,000
Est. payment /mo
6,708 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26139825

HOA Y/N No

Year Built 1951

Lot Size 6,708 Sqft

Property Sub-Type Quadruplex

Property 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.

Location

State CA

County Los Angeles

Area 124 - Harbor City

Interior

Fireplace No

Laundry Gas Dryer Hookup, In Kitchen

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7410008032

Acceptable Financing 1031 Exchange, Submit

Listing Terms 1031 Exchange, Submit

Special Listing Condition Standard

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CRMLS Full IDX Feed (MAIN Website Search)
Listed by Joshua Hammond Compass 424-903-9319, DRE #01815056

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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1503 257th

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