CA > Lomita
Lomita, CA 90717,25615 Western Ave
Lomita, CA 90717,25615 Western Ave
Lomita, CA 90717,25615 Western Ave
8
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$2,800,000
Est. payment /mo
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24 BD
18 BA
12,730 SqFt
Pending

25615 Western Ave Lomita, CA 90717

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Joshua Shorter

Joshua Shorter

+1(702) 728-0089

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

Parking Features Covered Parking

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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25615 Western Ave