25633 President Avenue new Save Request In-Person Tour Request Virtual Tour
Harbor City,CA 90710
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 9,812 sqft
Price per Sqft $234
MLS Listing ID SB-25172705
Style Traditional
Year Built 1965
Lot Size 8,941 Sqft
Property Sub-Type Commercial/Residential
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.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LAR3
Interior
Interior Features Ceiling Fan(s),Granite Counters
Heating Wall Furnace,Forced Air
Flooring Carpet,Tile,Vinyl
Fireplaces Type Family Room,Patio
Laundry Common Area,Individual Room
Exterior
Parking Features Driveway Level,Garage,Assigned,Detached Carport,Driveway
Garage Spaces 2.0
Pool None
Community Features Curbs,Gutters,Sidewalks,Storm Drains,Street Lights,Suburban
Utilities Available Sewer Connected,Water Connected,Electricity Connected,Natural Gas Connected
View Y/N Yes
Building
Lot Description Corner Lot,Front Yard,Level,Lot 6500-9999,Sprinkler System,0-1 Unit/Acre
Sewer Public Sewer
Others
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