Harbor City, CA 90710,25120 Western AVE

$899,000

Est. payment /mo

$899,000

Est.Price: ?

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25120 Western AVE Harbor City, CA 90710

4,560 SqFt

SOLD DATE : 05/15/2015

Key Details

Sold Price $899,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,560 sqft

Price per Sqft $197

MLS Listing ID SB14157372

Sold Date 05/15/15

HOA Y/N No

Year Built 1978

Tax Year 2013

Lot Size 7,535 Sqft

Acres 0.173

Property Description

MONSTER UPSIDE through stabilized and maximized rents on these 4 non-rent-controlled townhouse-style units with 5th "space" for storage over the garage. Long-time owner AND ORIGINAL BUILDER is finally selling making this the first time for this property on the market.

Rents for units and storage have not kept pace with the area. These non rent-control units can generate rents consistent with the $1,800-$1,850/unit rents in the area. 800 sq. ft. 5th unit that was formerly rented..."storage" unit could generate $750-$1,000/month!?!

Units are spacious and have front AND back doors, enhancing the home-like feel. Immediate upside in rent and no rent control. Garage parking, as well as open parking. Onsite laundry, separate gas and electric meters.

Strong visibility on a major South Bay thoroughfare in one of LA's densest rental markets. Tried and true South Bay rental market with an effective vacancy rate of basically zero....a submarket where "down time" between tenants is "as fast as you can repaint and recarpet the unit", as an owner.

Location

State CA

County Los Angeles

Area 124 - Harbor City

Zoning R3

Interior

Fireplace No

Exterior

Garage Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Utilities Available SewerAvailable

Parking Type Assigned

Total Parking Spaces 18

Private Pool No

Building

Lot Description CornerLot

Story 2

Entry Level Two

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 7410019039

Acceptable Financing Cash, CashtoExistingLoan

Listing Terms Cash, CashtoExistingLoan

Financing SellerFinancing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brice Head • RE/MAX Commercial & Inv Realty
Bought with William Morris • Keller Williams Realty Irvine

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

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