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25701 President Ave Harbor City, CA 90710
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Key Details
Sold Price $1,104,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,953 sqft
Price per Sqft $222
MLS Listing ID 24-416947
Sold Date 09/26/24
Bedrooms 11
Year Built 1950
Annual Tax Amount $15,000
Lot Size 8,408 Sqft
Acres 0.193
Property Description
7-Unit Apartment in Harbor City | Located a Few Blocks from Kaiser Permanente South Bay Medical Center, Harbor Park & the Harbor Park Golf Course & Sports Complex | Offered at Only $171,429 Per Unit | 10.66% Pro-Forma Cap Rate & 6.72 Pro-Forma GRM | 5.47% Current Cap Rate & 10.49 Current GRM | ADU Potential - Opportunity to Convert Garages into an ADU | Large 8,408-SF Corner Lot | Approximately 56% in Rental Upside | Total of 9 Parking Spaces - 2 Garages and 7 Surface Parking Spaces | Close Proximity to Rolling Hills Plaza, Torrance Towne Center and Torrance Crossroads & Palos Verdes
Location
State CA
County Los Angeles
Area Harbor City
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Garage, Uncovered
Garage Spaces 9.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Sarah Kim, Broker