Harbor Gateway (122) Homes with Apartment Subtype

Harbor Gateway (122) Homes with Apartment Subtype

Welcome to Harbor Gateway, a vibrant neighborhood nestled in the heart of Torrance, California, within the sprawling Los Angeles County. This hidden gem is known for its rich diversity, community spirit, and convenient access to the best of Southern California living. With its prime location just a stone’s throw from the bustling city life of Los Angeles and the serene beaches of the Pacific Coast, Harbor Gateway offers the perfect blend of urban convenience and suburban charm.

One of the standout features of this region is its unique housing options, particularly homes with an apartment subtype. These properties are ideal for those seeking versatility and potential rental income. Whether you’re a first-time buyer, an investor, or looking for a multi-generational living arrangement, these homes provide an excellent opportunity to maximize your living space. Imagine enjoying the comforts of your own home while having the option to rent out a portion of it, creating a smart investment strategy that works for you.

The neighborhood itself is filled with parks, schools, and shopping centers, making it a family-friendly environment. Residents appreciate the community's close-knit feel, with local events and activities that foster connections among neighbors. With easy access to major highways and public transportation, commuting to downtown Los Angeles or nearby beach cities is a breeze.

Discover the charm of Harbor Gateway, where the warmth of community meets the excitement of California living. Explore the diverse array of homes with apartment subtypes that not only cater to your lifestyle needs but also offer a unique investment opportunity in one of Los Angeles County’s most desirable areas.

Newest Harbor Gateway (122) Homes with Apartment Subtype

724 N Wilmington, Wilmington
$2,850,000
OC26175414 MLS ⋅ Active Status
The Mogharebi Group is pleased to present the opportunity to acquire a 16-unit apartment community located at 720 North Wilmington Boulevard in the City of Wilmington, California. Situated on a 13,398 square foot lot, the property consists of two two-story residential buildings totaling approximately 10,488 square feet and features an attractive unit mix of sixteen two-bedroom, one-bathroom apartments. The Current capitalization rate is 5.10% at asking price and the Market capitalization rate exceeds 8%. The property offers investors the opportunity to acquire a well-located workforce housing asset in one of Los Angeles County's strongest rental markets. All units are individually metered for gas and electricity, significantly reducing owner operating expenses, while tenants benefit from convenient on-site parking and landscaped courtyard areas. Every apartment is a desirable two-bedroom floor plan featuring vinyl flooring and carpet in the living areas, Formica countertops, gas wall heating, range/oven, refrigerator, hood fan, and garbage disposal. The property includes sixteen surface parking spaces, central gas water heating, and attractive landscaped common areas. Located just minutes from the Port of Los Angeles, Interstate 110, SR-47, and numerous major employment centers throughout the South Bay and Harbor region, the property benefits from consistent tenant demand driven by port-related employment, logistics, manufacturing, healthcare, and transportation industries. The central location also provides convenient access to Downtown Long Beach, San Pedro, Carson, and Torrance. l. Investment Highlights • 16 spacious two-bedroom, one-bathroom apartment homes • Two-story apartment community on approximately 13,398 SF lot • Approximately 10,488 rentable square feet • RUBS partially in place • Individually metered for gas and electricity • Sixteen on-site surface parking spaces • Landscaped courtyard setting • Strong workforce housing location serving the Port of Los Angeles and South Bay employment centers • Opportunity to increase income through unit upgrades and professional management • Excellent long-term hold in a high-demand Los Angeles County rental market

724 N Wilmington, Wilmington

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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