1604 261st Street, Harbor City, California 90710, Harbor City, 90710 - bed, bath

1604 261st Street, Harbor City, California 90710 home-pic-0
ACTIVE$1,999,000
1604 261st Street, Harbor City, California 90710
0Bed
0Bath
1,032Sqft
14,493Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Development Potential & Flexible Zoning: Zoned LAC1.5, this property offers significant flexibility for a variety of commercial and residential uses, aligning with dynamic area needs.
Top Cons:
Age of Existing Structures: The duplex was built in 1948, suggesting that the existing structures may require significant renovation or demolition for modern development, adding to project costs.

Compared to the nearby listings

Price:$2.00M vs avg $1.44M (+$557,000)50%
Size:1,032 sqft vs avg 1,499.5 sqft50%
Price/sqft:$1.9K vs avg $1.2K50%

More Insights

Built in 1948 (77 years old).
Condition: The property, built in 1948, is over 70 years old. While it currently generates rental income, the exterior images show a very dated structure with no visible signs of recent renovation. The listing description and property analysis explicitly highlight the 'Age of Existing Structures' and suggest they 'may require significant renovation or demolition for modern development.' With no interior images or details on kitchen appliances, bathroom conditions, flooring, or systems, it's highly probable that all interior components are severely outdated and require substantial repairs and rehabilitation to meet current standards. The property's value is clearly centered on its development potential rather than the existing structures' quality.
Year Built
1948
Close
-
List price
$2M
Original List price
$2.5M
Price/Sqft
$1,937
HOA
-
Days on market
-
Sold On
-
MLS number
SB25016994
Home ConditionPoor
Features
View-

About this home

Introducing two contiguous parcels comprising a unique 14,493-square-foot triangular lot with unmatched potential, situated on high-traffic Anaheim Street with frontage on all three sides. This exceptional property is strategically positioned for maximum visibility, making it perfect for commercial development or mixed-use projects. Passed down through generations, it is now being offered on the market for the very first time, presenting a truly unique opportunity. Currently, the lot features a duplex with two one-bedroom units and a two-car garage, offering immediate rental income while you plan your next move. Utilities are already on site to streamline the development process, adding convenience for future projects. Zoned LAC1.5, this property provides the flexibility for a variety of commercial and residential uses, aligning perfectly with the dynamic needs of the area. Situated in a bustling corridor surrounded by thriving businesses and vibrant residential communities, this location benefits from consistent vehicle traffic. Proximity to retail, dining, and public transit further enhances its appeal, making it an attractive destination for future tenants or customers. With its high traffic count and strategic location, this lot is a rare find, offering both significant development possibilities and unparalleled accessibility. Don’t miss this opportunity to transform a prime piece of real estate into a thriving enterprise.

Nearby schools

6/10
Harbor City Elementary School
Public,K-50.6mi
6/10
Eshelman Avenue Elementary School
Public,K-50.6mi
4/10
Normont Elementary School
Public,K-50.9mi
5/10
President Avenue Elementary School
Public,K-61.3mi
7/10
Lomita Math/Science/Technology Magnet School
Public,K-51.4mi
4/10
Hawaiian Avenue Elementary School
Public,K-51.8mi
6/10
John Adams Elementary School
Public,K-51.9mi
6/10
Gulf Avenue Elementary School
Public,K-51.9mi
4/10
Broad Avenue Elementary School
Public,K-52.6mi
5/10
Meyler Street Elementary School
Public,K-52.7mi
6/10
Alexander Fleming Middle School
Public,6-80.7mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,6-81.6mi
5/10
Wilmington Middle School
Public,6-81.9mi
5/10
J. H. Hull Middle School
Public,6-82.2mi
5/10
Nathaniel Narbonne Senior High School
Public,9-121.3mi
5/10
Phineas Banning Senior High School
Public,9-122.6mi
3/10
Shery (Kurt T.) High (Continuation) School
Public,9-122.8mi
8/10
Torrance High School
Public,9-123.3mi
Condition Rating
Poor

The property, built in 1948, is over 70 years old. While it currently generates rental income, the exterior images show a very dated structure with no visible signs of recent renovation. The listing description and property analysis explicitly highlight the 'Age of Existing Structures' and suggest they 'may require significant renovation or demolition for modern development.' With no interior images or details on kitchen appliances, bathroom conditions, flooring, or systems, it's highly probable that all interior components are severely outdated and require substantial repairs and rehabilitation to meet current standards. The property's value is clearly centered on its development potential rather than the existing structures' quality.
Pros & Cons

Pros

Development Potential & Flexible Zoning: Zoned LAC1.5, this property offers significant flexibility for a variety of commercial and residential uses, aligning with dynamic area needs.
Strategic Location & High Visibility: Situated on high-traffic Anaheim Street with frontage on all three sides, ensuring maximum visibility and consistent vehicle traffic for future enterprises.
Large & Unique Lot Size: Comprising two contiguous parcels, the 14,493-square-foot triangular lot provides ample space for substantial development.
Immediate Income & Development Readiness: An existing duplex provides immediate rental income, and utilities are already on-site, streamlining the development process.
Rare Market Opportunity & Area Amenities: Offered for the first time in generations, located in a bustling corridor with proximity to thriving businesses, retail, dining, and public transit.

Cons

Age of Existing Structures: The duplex was built in 1948, suggesting that the existing structures may require significant renovation or demolition for modern development, adding to project costs.
Challenging Lot Configuration: The unique triangular shape of the lot, while distinctive, may present design and space optimization challenges for maximizing usable area in new construction.
Lack of Scenic Views: The property description indicates 'view: None,' which could be a minor detractor for any potential residential components within a mixed-use development.

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