Marcus & Millichap is pleased to present 25615 Western Ave, a 18unit apartment building located in Harbor City, a neighborhood in Los Angeles County California. Built in 1962, the property consists of (10) one-bedroom + one-bathroom units and (8) two-bedroom + one bathroom units. The building is 12,730 gross square feet and sits on a 14,167 square foot lot. The property is subject to the city of Los Angeles Rent Stabilization Ordinance (RSO).25615 Western Ave is located less than 2 miles from Rolling Hills Plaza, offering residents easy access to a wide range of retail, dining, and entertainment choices. The property is also just 1 mile from Ken Malloy Harbor Regional Park, one of the largest parks in all of Los Angeles County, which gives residents the opportunity to enjoy numerous outdoor activities. Harbor City provides quick access to major freeways such as the 110 and the Pacific Coast Highway(PCH), making it easy to commute to downtown Los Angeles, Long Beach, or other areas of SouthernCalifornia.25615 Western Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 5.02% with the ability to improve to a 10.34% CAP rate once units turnover.
Property Details
Property Features
Property Information:
Year Built: 1962
Stories: 2
Living Area: 12,730 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Michael Sterman
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 24
Exterior Features
Parking Information:
Parking: Covered
Lot Features
Lot Information:
Lot Size: 0.33 Acres
Utilities
Utilities Information:
Heating: Radiant
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: On Western in between 256th and 257th
Price Information
Listing Price Info
Price Summary:
List Price: $2,800,000
Price Per SqFt: $220/SqFt
Tax Information:
Annual Amount: $18,140
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Lomita, CA.
This property is $1.9M more than the Median Sold Price and $328/SqFt less than other homes in Lomita, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24463691
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Michael Sterman
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$18,140
$1,175,833
2020
$17,665
$1,160,353
2019
$17,337
$1,137,602
2018
$16,915
$1,115,297
2017
$16,915
$1,093,430
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Harbor City Elementary School
1508 254th St
Distance between this listing and this school0.30 miles
Public District Grades KG-5
6
/10
Eshelman Avenue Elementary School
25902 Eshelman Ave
Distance between this listing and this school0.43 miles
Public District Grades 1-5
4
/10
Normont Elementary
1001 253rd St
Distance between this listing and this school0.89 miles
Public District Grades KG-5
Nearby Schools
6
/10
Fleming Middle School
25425 Walnut St
Distance between this listing and this school0.30 miles
Public District Grades 6-8
6
/10
J. H. Hull Middle School
2080 W 231st St
Distance between this listing and this school1.71 miles
Public District Grades 6-8
8
/10
Dodson Middle School
28014 S Montereina Dr
Distance between this listing and this school1.80 miles
Public District Grades 6-8
Nearby Schools
2
/10
George S. Patton Continuation
24514 S W Ern Ave
Distance between this listing and this school0.76 miles
Public District Grades 9-12
6
/10
Narbonne High School
24300 Western Ave
Distance between this listing and this school0.87 miles
Public District Grades 9-12
5
/10
Humanities & Arts (HArts) Academy of Los Angeles
24300 Western Ave
Distance between this listing and this school0.87 miles
The neighbors living near this home have an average income of $43,515. Most Lomita, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 25615 Western Ave
What is the listing price of this property?
The listing price of 25615 Western Ave property is $2,800,000.
What type of property is this?
The property 25615 Western Ave is a house located in Lomita, California, 90717.
Is this property for sale now?
Active Listing: 25615 Western Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $18,140 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 25615 Western Ave has 24 bedrooms and 18 bathrooms.
What is the square footage of this property?
The property 25615 Western Ave is 12,730 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 25615 Western Ave is 1962.
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This home is located at 25615 Western Ave in Lomita, CA and zip code 90717 in the The Harbor neighborhood. This 12,730 square foot home, which was built in 1962, sits on a 0.33 acre lot. Features: 24 bedrooms, 18 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $2,800,000.
While more than 12 listings in Lomita, CA in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 6 were sold below. In October 2024 in Lomita, CA there were 9.1% more homes for sale than in September 2024. In October 2024 median list price was $863,500 and the average listing age was 17 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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