25424 Western Ave - Apartments FOR SALE


Harbor City, CA 90710
$1,595,000 USD
424-405-3826
25424 Western Ave, Harbor City, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/7
null | 5.68% Cap Rate

25424 Western Ave
Harbor City, CA 90710


HIGHLIGHTS

  • Well-maintained eight-unit apartment building in a strong rental location proximate to schools, retail, the 110 Freeway, and major employers
  • Offered at a 5.68% current cap rate with 32% rental upside
  • Mix of 6 1BD/1BA units, 1 2BD/1BA unit, and 1 2BD/2BA unit
  • Community amenities include shared laundry, controlled access, a large courtyard, and ample carport parking
  • The average household income within one mile is over $100,000

OVERVIEW

Marcus & Millichap is pleased to present to market 25424 Western Avenue, 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.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

8

PRICE/UNIT

$199,375

CAP RATE

5.68%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,397 SF

ZONING

R3-1-R2-1, L.A.

APN/PARCEL ID

7410-022-045

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.