25633 President Avenue Pending Save Request In-Person Tour Request Virtual Tour
Harbor City (los Angeles),CA 90710
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 9,812 sqft
Price per Sqft $234
MLS Listing ID CRSB25172705
Year Built 1965
Lot Size 8,941 Sqft
Property Sub-Type Other
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
Interior
Heating Forced Air,Wall Furnace
Cooling None
Flooring Tile,Vinyl,Carpet
Laundry Laundry Room,Other
Exterior
View Other
Building
Lot Description Corner Lot,Level,Other,Front Yard