Income Property - in Los Angeles

Harbor City is popular with first time income property buyers for its affordable prices compared to other parts of the South Bay.  As part of Los Angeles, it has the same rent control rules.

Harbor City units statistics for 2013 year end:

  • Available buildings: 4 Properties are for sale from $425,000 to $1,300,000.
  • Pending sales: 2 Buildings are in escrow priced from $355,000 to $459,000.
  • Harbor City sales: 12 Buildings sold in 2013 from $281,999 to $860,000.  The average price was $483,000.  The average year built was 1952.  One third of the transfers in 2013 were distressed sales as either bank-owned or underwater loans.

Harbor City income property building types (2013 Sales):

  • Duplex – 33%
  • Triplex – 33%
  • Fourplex – 25%
  • 5-8 Units – 8%
  • 8+ Units – None

Total unit value sold in Harbor City in 2013: $3,480,000
Average gross rent multiplier for Harbor City 2013: 12.2
Harbor City unit cap rate for 2013 at 75% net income: 6.19%

For more information on available Harbor City units for sale, please give me a call or drop us an email.

– Josh Toering (310) 525-9440

Harbor City income property for sale:

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