25615 Western Avenue, Lomita, CA 90717
-
Listed Price :
$2,800,000
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Beds :
24
-
Baths :
18
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Property Size :
12,730 sqft
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Year Built :
1962
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.
Interior Features
| Bedroom Information |
| Bedrooms |
24 |
| Bathroom Information |
| Bathrooms |
18 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
25615 Western Avenue |
| City |
Lomita |
| State |
CA |
| Zip |
90717 |
| County |
Los Angeles |
| Listing Agent |
Michael Sterman DRE #01911703 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$2,800,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
12,730 |
| Lot Size |
14,170 |
| Year Built |
1962 |
Listing information courtesy of: Michael Sterman, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 22nd, 2024 at 1:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
