25615 Western Avenue

Lomita, CA 90717

  • 24 Bed(s)
  • 0 Bath(s)
  • 12,730 Sqft
  • 14170
    Sqft(Lot)
$2,800,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47650863

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Property Details

  • Bedroom Information

    • Total Bedrooms : 24

    Bathroom Information

    • Total Baths: 18
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Radiant
    • Has Heating

  • Building Information

    • Year Built: 1962
    • Building Area Total: 12,730

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3253
    • Lot Size Dimensions: 150x95
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 14170

  • Listing Price Information

    • Original List Price: 2,800,000
    • Listing Contract Date: 2024-11-14

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 7410011001

  • Garage and Parking

    • Garage Description: Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 124 - Harbor City
    • Directions: On Western in between 256th and 257th
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: 124 - Harbor City

    Building and Construction

    • Property Age: 62
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 12730
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 11/21/2024 @ 12:26

  • MLS: 24463691
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 24 bedrooms which is for sale, it has 12,730 sqft, 14,170 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Lomita , in zip code 90717, this Los Angeles County Home are nearby neighborhoods.