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1625 Lomita Blvd 8 Unit Apartment Building $1,480,000 ($185,000/Unit) 5.80% Cap Rate Harbor City, CA 90710
Investment Highlights
- Excellent Unit Mix of Four Singles and Four One-Bedroom Units
- Separately Metered for Gas and Electric
- Rents Have Substantial Nearly 45% Upside
- Property has On-Site Common Laundry with Leased Equipment
- Parking Spaces in the Rear of the Building
Executive Summary
Income producing multifamily 8 unit apartment building in prime location
Property Facts
| Price | $1,480,000 | Apartment Style | Low-Rise |
| Price Per Unit | $185,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.80% | Building Size | 4,770 SF |
| Gross Rent Multiplier | 11.5 | Average Occupancy | 97% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Zoning | R3, City of L.A. | ||
| Price | $1,480,000 |
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,770 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | R3, City of L.A. |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,144 | - |
| 1+1 | 4 | $1,509 | - |
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 7439-025-024 | Improvements Assessment | $345,867 |
| Land Assessment | $518,812 | Total Assessment | $864,679 |
Property Taxes
Parcel Number
7439-025-024
Land Assessment
$518,812
Improvements Assessment
$345,867
Total Assessment
$864,679
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1625 Lomita Blvd