Investment Overview

Marcus & Millichap is pleased to present to market 25424 Western Avenue, an eight-unit apartment building in Harbor City, California. This well-maintained investment property is a 1960 construction with a mix of six one-bedroom/one-bath units, one two-bed/one-bath, and one two-bed/two-bath. The building also offers shared laundry facilities, controlled access, a large courtyard/patio, and ample carport and tuck-under parking. 25424 Western Avenue is well-positioned in Harbor City proximate to the 110 Freeway, Kaiser Permanente’s South Bay Medical Center (a major area employer), one block to Harbor City Elementary, and within a five-minute drive of the popular Rolling Hills Plaza shopping center and Rolling Hills Country Club. The average household income within one mile is over $100,000; this area is a strong rental market with consistently low vacancy rates and a solid tenant base. With 32 percent potential upside in rents, 25424 Western Avenue is an excellent investment opportunity for any investor looking to acquire in the desirable South Bay rental market.