CA > Harbor City
Harbor City, CA 90710,1623 Lomita Blvd
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Harbor City, CA 90710,1623 Lomita Blvd
Harbor City, CA 90710,1623 Lomita Blvd
Harbor City, CA 90710,1623 Lomita Blvd
Harbor City, CA 90710,1623 Lomita Blvd
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Scott Goshorn

Scott Goshorn

+1(323) 251-5479
$ 3,100,000
Est. payment /mo
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Active

1623 Lomita Blvd Harbor City, CA 90710

19 Beds

20 Baths

10,620 SqFt

UPDATED:

01/31/2025 05:36 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,620 sqft

Price per Sqft $291

MLS Listing ID 25492355

Bedrooms 19

Year Built 1961

Lot Size 0.271 Acres

Acres 0.271

Property Sub-Type Multi-Family

Property 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!

Location

State CA

County Los Angeles

Area Harbor City

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Other

Exterior

Parking Features Covered Parking, Uncovered

Garage Spaces 13.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by KW Advisors
agent

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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