Harbor City, CA 90710,25633 President AVE
Harbor City, CA 90710,25633 President AVE
Harbor City, CA 90710,25633 President AVE
Harbor City, CA 90710,25633 President AVE
Harbor City, CA 90710,25633 President AVE
Harbor City, CA 90710,25633 President AVE
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Listed by Jim Porter • Porter Heritage
$ 2,300,000
Est. payment | /mo

8,941 Sqft Lot


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$ 2,300,000
Est. payment | /mo
Save

8,941 Sqft Lot

Key Details

Property Type Commercial

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID CRSB25172705

Style Traditional

Year Built 1965

Lot Size 8,941 Sqft

Source California Regional MLS

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

Rooms

Kitchen Oven Range - Gas, Oven - Gas

Interior

Heating Forced Air, Wall Furnace

Cooling None

Laundry In Laundry Room, Laundry Area, Washer/Dryer - Leased

Exterior

Parking Features Assigned Spaces, Detached Garage, Garage, Other

Garage Spaces 9.0

Pool 31, None

View Local/Neighborhood

Roof Type Flat / Low Pitch,Composition

Building

Lot Description Grade - Level

Foundation Concrete Slab

Water Hot Water, District - Public

Architectural Style Traditional

Others

Tax ID 7410024037

Special Listing Condition Not Applicable , Accepting Backups

MLS Listing IDX PLUS

GET MORE INFORMATION

agent
Drew Reid

REALTOR® | Lic# 01332884

+1(408) 515-1362

410 N Santa Cruz Ave, Los Gatos, CA, 95030-5321, USA

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25633 President AVE