25615 Western Avenue
Lomita, CA 90717
- – beds
- – baths
- – sqft
- 14,170 sqft lot
- 1962 build
- – on site
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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.
Last checked:
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Last updated Dec 19, 2024
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MLS# 24463691 —
The Building
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Year Built:1962
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New Construction:No
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Building Area Total:12730.00
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Total Number Of Units:18
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Multi/Split
Location
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Directions:On Western in between 256th and 257th
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Latitude:33.79118500
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Longitude:-118.30792200
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:14170.0000
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Lot Size Dimensions:150x95
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Lot Size Acres:0.3253
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Lot Size SqFt:14170.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7410011001
Heating & Cooling
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Heating:1
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Heating:Radiant
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/19/24
Dec 19, 2024
|
Sold | CRMLS_CA | $2,750,000 | -1.8% |
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11/22/24
Nov 22, 2024
|
Pending | CRMLS_CA | $2,800,000 | |
|
11/14/24
Nov 14, 2024
|
Listed / Active | CRMLS_CA | $2,800,000 |
