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Lomita Terrace 1666 Lomita Blvd 14 Unit Apartment Building $2,748,000 ($196,286/Unit) 4.80% Cap Rate Harbor City, CA 90710
EXECUTIVE SUMMARY
Presenting 1666 Lomita Blvd in Harbor City, a well-maintained 14-unit multifamily property featuring an attractive and consistent unit mix of fourteen 1-bedroom/1-bathroom units. Built in 1962, the property offers strong long-term rental appeal. Located just minutes from the 110 Freeway, Harbor City Park, and major retail corridors along Pacific Coast Highway, this property provides tenants with convenient access to shopping, dining, and everyday amenities. This centrally located asset offers investors dependable demand, stable income, and the opportunity to add value in a desirable South Bay rental market.
PROPERTY FACTS
| Price | $2,748,000 | Apartment Style | Low-Rise |
| Price Per Unit | $196,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 4.80% | Building Size | 7,742 SF |
| Gross Rent Multiplier | 12.71 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.29/1,000 SF |
| Zoning | R3, Los Angeles - Multiple Dwelling | ||
| Price | $2,748,000 |
| Price Per Unit | $196,286 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Gross Rent Multiplier | 12.71 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,742 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | R3, Los Angeles - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Storage Space
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | $1,532 | 600 |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 7410-018-040 | Improvements Assessment | $974,188 |
| Land Assessment | $1,028,309 | Total Assessment | $2,002,497 |
PROPERTY TAXES
Parcel Number
7410-018-040
Land Assessment
$1,028,309
Improvements Assessment
$974,188
Total Assessment
$2,002,497
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Lomita Terrace | 1666 Lomita Blvd
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