25615 South Western Avenue
$2,800,000
24
18
12,730
12,730
$220
Pending
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...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.
- Listed by Michael Sterman • DRE #01911703 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 25615 South Western Avenue
Zoning
LAR3
Parcel Number7410011001
Total Units18.0
Living Area12730
Source Living AreaVendor Enhanced
AreaHarbor City (124)
Vacancy Rate0
Lot Size Area14170
LISTING UPDATED: 11/22/2024 02:12 PM
Property Details for 25615 South Western Avenue
Status | Pending |
---|---|
MLS # | 24-463691 |
Days on Market | 8 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.33 AC / 14,170 SF |
County | Los Angeles County |
Building Information for 25615 South Western Avenue
Stories2Residences-Year Built1962Building Size-Lot Size0.33 AC / 14,170 SF
Property Information for 25615 South Western Avenue
Property History for 25615 South Western Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 25615 South Western Avenue
Taxable ValueLand$337,172Additions$910,416Total$1,247,588
Tax Record2024$19,532 ($1,628 / month)
Home Facts
Total Finished SqFt12,730 SqFtAbove Grade Finished SqFt12,730 SqFtLot Size14,167 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN7410-011-001
Schools near 25615 South Western Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 7 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Eshelman Avenue Elementary School PublicK to 5 | ||
William J. Johnston Community Day School Public7 to 12 | ||
Nathaniel Narbonne Senior High School Public9 to 12 | ||
George S. Patton Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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