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1623 Lomita Blvd
Harbor City, CA 90710
Excellent cash flow Day 1. Plans for 2 ADUs · Multifamily Property For Sale
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14 Units
Investment Highlights
- Well-Maintained Gated 14 units Apartment Complex on Lomita Blvd in Harbor City
- On-Site Laundry on mo-to-mo. Lease Brings Additional Income
- Proposed Construction for Two ADUs out of 4 Tuck-under Parking
- Excellent 11.8 GRM and 5.3% Cap Rate on CURRENT income Plus Huge Upside
- HUGE Upside in Rental Income as Units Turn Over (Subject to Los Angeles Rent Control)
- High Visibility Desirable Location close to Lomita, Palos Verdes, Torrance, San Pedro
Property Facts
| No. Units | 14 | Building Size | 10,620 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Lot Size | 0.27 AC | ||
| Zoning | R3 - Residential | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 10,620 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Freezer
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $702.00 | - |
| 1+1 | 5 | $1,379 | - |
| 2+1 | 3 | $1,623 | - |
| 2+2 | 4 | $1,627 | - |
Property Taxes
| Parcel Number | 7439-025-025 | Improvements Assessment | $1,227,068 |
| Land Assessment | $1,561,724 | Total Assessment | $2,788,792 |
Property Taxes
Parcel Number
7439-025-025
Land Assessment
$1,561,724
Improvements Assessment
$1,227,068
Total Assessment
$2,788,792
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