1601-1611 Lomita Blvd
Harbor City, CA 90710
Nassau Arms · Multifamily Property For Sale
·
24 Units
Property Facts
| No. Units | 24 | Lot Size | 0.50 AC |
| Property Type | Multifamily | Building Size | 18,072 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1963 |
| Zoning | LAR3 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 18,072 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | LAR3 |
Amenities
Site Amenities
- Laundry Facilities
About 1601-1611 LOMITA BLVD , HARBOR CITY, CA 90710
24 units on almost a 1/2 acre of frontage along one of the South Bay's main arteries, connecting Torrance with the 110 Fwy. - one a major South Bay job center and the other one of Greater LA's main Freeways. The subject property is made up of six, 4-unit buildings. All units are ALL ELECTRIC AND HAVE THEIR OWN HOT WATER HEATERS. Two laundry rooms on-site. Almost all 2 bed units = good tenant stability. Great "Buy and Hold"...steady cash flow opportunity. HUGE, unrealized upside, over time, through easy aesthetic improvements. Or build on this large, R3 site! Immediate upside through issuance of the “city of LA allowable year 2018“ rent increase (3%) this Fall and by restructuring the on-site manager's compensation. Huge job centers in Torrance, minutes away. As well as the Port of LA, a 10 minute drive South.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 2+1 | 18 | - | - |
Property Taxes
| Parcel Number | 7439-025-027 | Improvements Assessment | $1,681,586 |
| Land Assessment | $986,130 | Total Assessment | $2,667,716 |
Property Taxes
