1340 255th St , Los Angeles, CA 90710
$1,295,000
Est. Payment: $6,916.21/mo
9 Bed
8 Bath
4595 Sqft
Status: Active Under Contract | Days on site: 21
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House Description

Rare opportunity to purchase a 1988 construction 4plex that will be delivered 100% VACANT! Enjoy the endless opportunities of either a family living in 1 or 2 units and renting the other 2 or 3 for passive income or rent all 4 units at market and generate substantial cash flow at a 6.81% cap rate when fully leased. The property is NOT subject to LA City Rent Control (RSO), and features a lucrative and top-heavy unit mix of (1) 3 Bed/2.5 Bath & (3) 2 Bed/2 Bath units with large open floor plans with great sized bedrooms and bathrooms, including fireplaces in the living room. All units have large & reserved garage parking in the back accessed by the driveway, and garages have storage units inside. A brand-new roof was installed in 2023, a new master water heater, and recent plumbing repairs. Great location for any family and tenants as it is just a few blocks away and less than 1 mile from Kaiser Permanente South Bay, Ken Malloy Harbor Regional Park / Machado Lake, and Harbor Park Golf Course, and less than 2 miles away from LA Harbor City College, and just 2 miles away from Rolling Hills Plaza that includes major retailers and institutions (Trader Joes, Costco, Smart & Final, Dim SUM, AMC & IMAX Theatres, CPK, Mendocino Farms, 24 Hour Fitness, Skechers, Nike Factory, etc.).

Highlights

Listed by Jonathan Rawson , 310-869-9137 and Seidahl Hakimi , 310-433-4293 Avenue Realty Group , 310-433-4293. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1988

County

Los Angeles

Area

124 - Harbor City

Listing ID

26870473

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:8
  • Full Bathrooms:0
Appliances:Dishwasher, Disposal, Microwave, Refrigerator

Exterior Features

Lot:No Land Lease
Lot Dimensions:50x137
Garage Capacity:4
Zoning:LARD1.5
Others:
  • Additional:2+ Total Units
Parking Features:Assigned
Principal Interest
$6,916
Taxes
$826

Home Price

$1,295,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$259,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,916.21

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,916.21 $825.56 $0.00 $7,741.77
Yearly $82,994.48 $9,906.75 $0.00 $92,901.23
Total $2,489,834.30 $297,202.50 $0.00 $2,787,036.80

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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