1623 Lomita Boulevard

Harbor City, CA 90710

  • 19 Bed(s)
  • 0 Bath(s)
  • 10,620 Sqft
  • 11804
    Sqft(Lot)
$3,100,000

Description

Exceptional investment opportunity high cap rate with upside potential! assumable loan of $1,950,000 fixed for 2 years @ 5.75%.this property offers a 6.03% in-place cap rate and 9.95 gim, with upside to a 9.44% cap rate and 7.37 gim. adding two adus (buyer to verify) increases performance to a 6.65% cap rate, 9.11 grm, and a remarkable 6.13% pre-tax cash flow with no additional turnover. highlights: - 15.07% irr potential with adus - dual pane windows for efficiency the building includes 14 units: 2 bachelor units, 5 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, 4 two-bedroom/two-bath units, and 2 three-bedroom/two-bath units. units 10 and 11 (the 3+2s) feature a unique layout with a door connecting the master bedroom to the main unit. this configuration allows the master bedrooms to be rented separately, with the city's approval, provided the connecting door remains in place. contact us today to learn more or schedule a tour!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48491305

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Property Details

  • Bedroom Information

    • Total Bedrooms : 19

    Bathroom Information

    • Total Baths: 20
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1961
    • Building Area Total: 10,620

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.271
    • Lot Size Dimensions: 100x118
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 11804

  • Listing Price Information

    • Original List Price: 3,100,000
    • Listing Contract Date: 2025-01-31

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 7439025025

  • Garage and Parking

    • Garage Description: Covered,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 124 - Harbor City
    • Postal Code Plus 4: 2089
    • Directions: East of Western Ave, West of President Ave, South of 249th St, North of 251st St
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: 124 - Harbor City

    Building and Construction

    • Property Age: 64
    • Year Built Source: Assessor
    • Total Square Feet Living: 10620
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 02/22/2025 @ 17:45

  • MLS: 25492355
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 19 bedrooms which is for sale, it has 10,620 sqft, 11,804 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Harbor City , in zip code 90710, this Los Angeles County Home are nearby neighborhoods.