$2,300,000
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25633 President AVE Harbor City, CA 90710
8,942 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25172705
Year Built 1965
Lot Size 8,942 Sqft
Property Sub-Type Mixed Use
Property Description
First time on the market in 25 years! This well-maintained 9-unit multifamily property presents a rare opportunity for investors seeking strong rental income in a high-demand area. The property includes six spacious 3-bedroom, 2-bath townhouse-style units, each with private patios, two 2-bedroom, 1-bath units, and one single.
Recent updates include a brand-new roof (2024), freshly painted exterior, and attractive new landscaping. The building offers off-street parking with a combination of carport spaces, a 2-car garage, and driveway access.
Conveniently located near schools, shopping centers, and major freeways, this property offers long-term upside potential and stable tenancy. Don't miss this rare chance to own a quality apartment building in the heart of Harbor City.
Current CAP rate of 5.02% with a potential 8.80% CAP rate at market rents. Current GRM is 11.27 and Market GRM of 7.90.
This property is subject to the City of Los Angeles RSO.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LAR3
Rooms
Other Rooms Storage
Interior
Heating Forced Air, Wall Furnace
Cooling None
Flooring Carpet, Tile, Vinyl
Fireplaces Type Family Room, Outside
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned, Detached Carport, Driveway Level, Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Wood
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Composition,Flat
Building
Lot Description 0-1 Unit/Acre, Corner Lot, Front Yard, Level, Sprinkler System
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Bought with Keiko Shibanai EXP REALTY OF CALIFORNIA INC
