1223 Anaheim Street

Harbor City, CA 90710

$11,950,000
Price
2
Beds
48
Baths
52,233 Sq. Ft.
$229 / Sq. Ft.
52,233
Sq. Ft.
$229
per Sq. Ft.

Description

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....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.
  1. Listed by Josh Cohen • DRE #01346713 • Brokerage DRE #01368364 • Keller Williams Beach Cities • 310-480-2130

Property Details for 1223 Anaheim Street

Parking Spaces Total
0
Private Pool
No
Total Units
48.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
52233
Assessor Parcel Number
7411-023-025
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Beach Cities, Josh Cohen, DRE #01346713
Add your commute
LISTING UPDATED: 05/02/2024 08:28 AM

Property Details for 1223 Anaheim Street

StatusActive
MLS #SB24088351
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beach Cities, Josh Cohen, DRE #01346713
Add your commute

Building Information for 1223 Anaheim Street

Building/Complex1223 Anaheim StFloor-Stories2Residences-Pet Policy-Year Built1954Building Size-

Payment Calculator

$65,565 per month

30 year fixed, 7.25% Interest

Principal and Interest

$65,216

Property Taxes

$349

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1223 Anaheim Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $1,022,939
  • Gross Scheduled Income: $1,042,601
  • Vacancy Allowance: 19662
  • Gross Operating Income: $1,022,939
  • Net Operating Income: $611,601
  • Other Income Description: Contact for more inc/exp info
  • Gross Multiplier: 12.16
  • Cap Rate: 5.12
Expense Details
  • Operating Expense: $411,339
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $411,339
  • Other Expense Description: Contact
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $411,339
Tax / Assessment Info
  • Tax Tract Number: 23
  • Tax Census Tract: 2944.21
  • CFD/Mello-Roos Fee: $950
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 7411023024, 7411023026, 7411023027, 7411023028, 7411023029
  • Lot Features: Rectangular Lot
  • Number Of Units: 48
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 48
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $81,925
  • Unit Type Total Rent: $81,925
  • Unit Type Pro Forma: 115200
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 12
  • Number Of Separate Electric Meters: 60
  • Number Of Separate Gas Meters: 60
  • Number Of Separate Water Meters: 1

Property History for 1223 Anaheim Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1223 Anaheim Street

Taxable ValueLand$127,782Additions$141,985Total$269,767
Tax Record2023$4,185 ($349 / month)
Home Facts
Total Finished SqFt3,704 SqFtAbove Grade Finished SqFt3,704 SqFtLot Size4,353 SqFtStyleQuadraplexYear Built1954ZoningLAR3CountyLOS ANGELESAPN7411-023-025

Schools near 1223 Anaheim Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Harbor City Elementary School
PublicK to 5

Nathaniel Narbonne Senior High School
Public9 to 12

Harbor Teacher Preparation Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1223 Anaheim Street is a multi-family home for sale in Harbor City, CA 90710. This property was listed for sale on May 2, 2024 by Keller Williams Beach Cities, it's currently listed at $11,950,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Harbor City Elementary School, William J. Johnston Community Day School and Nathaniel Narbonne Senior High School. 1223 Anaheim Street is a 2-bed, 48-bath, 52,233 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beach Cities, Josh Cohen, DRE #01346713

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.