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$1,595,000
Est. payment /mo
8,289 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID PW25077479
HOA Y/N No
Year Built 1960
Lot Size 8,289 Sqft
Property Sub-Type Mixed Use
Property Description
25424 Western Avenue is an eight-unit apartment building in Harbor City, California. This well-maintained investment property is a 1960 construction with a mix of six one-bedroom/one-bath units, one two-bed/one-bath, and one two-bed/two-bath. The building also offers shared laundry facilities, controlled access, a large courtyard/patio, and ample carport and tuck-under parking.
25424 Western Avenue is well-positioned in Harbor City proximate to the 110 Freeway, Kaiser Permanente's South Bay Medical Center (a major area employer), one block to Harbor City Elementary, and within a five-minute drive of the popular Rolling Hills Plaza shopping center and Rolling Hills Country Club. The average household income within one mile is over $100,000; this area is a strong rental market with consistently low vacancy rates and a solid tenant base.
With 32 percent potential upside in rents, 25424 Western Avenue is an excellent investment opportunity for any investor looking to acquire in the desirable South Bay rental market.
25424 Western Avenue is well-positioned in Harbor City proximate to the 110 Freeway, Kaiser Permanente's South Bay Medical Center (a major area employer), one block to Harbor City Elementary, and within a five-minute drive of the popular Rolling Hills Plaza shopping center and Rolling Hills Country Club. The average household income within one mile is over $100,000; this area is a strong rental market with consistently low vacancy rates and a solid tenant base.
With 32 percent potential upside in rents, 25424 Western Avenue is an excellent investment opportunity for any investor looking to acquire in the desirable South Bay rental market.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LAR2
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Suburban
Total Parking Spaces 8
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7410022045
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com