CA > Lomita
Lomita, CA 90717,25615 Western Ave
Lomita, CA 90717,25615 Western Ave
Lomita, CA 90717,25615 Western Ave
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Melissa Seanez

Melissa Seanez

+1(626) 723-6030
$2,800,000
Est. payment /mo
24 Beds
18 Baths
12,730 SqFt
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UPDATED:

11/22/2024 09:12 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 12,730 sqft

Price per Sqft $219

MLS Listing ID 24-463691

Bedrooms 24

Year Built 1962

Lot Size 0.325 Acres

Acres 0.3253

Property Description

Marcus & Millichap is pleased to present 25615 Western Ave, a 18unit apartment building located in Harbor City, a neighborhood in Los Angeles County California. Built in 1962, the property consists of (10) one-bedroom + one-bathroom units and (8) two-bedroom + one bathroom units. The building is 12,730 gross square feet and sits on a 14,167 square foot lot. The property is subject to the city of Los Angeles Rent Stabilization Ordinance (RSO).25615 Western Ave is located less than 2 miles from Rolling Hills Plaza, offering residents easy access to a wide range of retail, dining, and entertainment choices. The property is also just 1 mile from Ken Malloy Harbor Regional Park, one of the largest parks in all of Los Angeles County, which gives residents the opportunity to enjoy numerous outdoor activities. Harbor City provides quick access to major freeways such as the 110 and the Pacific Coast Highway(PCH), making it easy to commute to downtown Los Angeles, Long Beach, or other areas of SouthernCalifornia.25615 Western Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 5.02% with the ability to improve to a 10.34% CAP rate once units turnover.

Location

State CA

County Los Angeles

Area Harbor City

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Radiant

Cooling Wall/Window

Equipment None

Exterior

Garage Covered Parking

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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Listed by Marcus & Millichap

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Melissa Seanez

+1(626) 723-6030

Agent | License ID: 02137015

Agent License ID: 02137015

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