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1623 Lomita Blvd

1623 Lomita Blvd Harbor City, CA 90710

Multi-Family (2-4 Units) MLS #: 25492355 Courtesy Of Keller Williams Santa Monica

$3,100,000

19 beds | 10,620 sq ft
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Estimated monthly payments: $13,551/mo.* (recalculate)
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Property InformationDescription

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!
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Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Lot Size: 0.27 Acres

MAP & DIRECTIONS

MAP & DIRECTIONS

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1623 Lomita Blvd, Harbor City, CA 90710
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School Information

1623 Lomita Blvd, Harbor City, CA 90710

Elementary School
Grades KG | Public School
LOMITA STEAM MAGNET
Lomita, CA 90717
2211 247th St
310.­784.6700
Distance: 0.9 mi
School Rating
A-
Student:Teacher Ratio
24:1
Total Students
867
Elementary School
Grades 1-6 | Public School
PRESIDENT AVENUE ELEMENTARY SCHOOL
Harbor City, CA 90710
1465 243rd St
310.­326.7400
Distance: 0.5 mi
School Rating
C-
Student:Teacher Ratio
19:1
Total Students
438
Middle School
N/A
High School
Grades 9-12 | Public School
NARBONNE HIGH SCHOOL
Harbor City, CA 90710
24300 Western Ave
310.­257.7100
Distance: 0.4 mi
School Rating
B
Student:Teacher Ratio
21:1
Total Students
1941
High School
Grades 9-12 | Public School
HUMANITIES & ARTS (HARTS) ACADEMY OF LOS ANGELES
Harbor City, CA 90710
24300 Western Ave
310.­257.4300
Distance: 0.4 mi
School Rating
B-
Student:Teacher Ratio
17:1
Total Students
385
Other Nearby Schools Distance Type Grades School Rating
The Pines Christian School 0.2 mi Private KG-5
George S. Patton Continuation 0.3 mi Public 9-12 D
Harbor City Elementary School 0.3 mi Public KG-5 B
Happy Tots Montessori School 0.5 mi Private PK-TKG
Fleming Middle School 0.6 mi Public 6-8 B-
Happy Tots Montessori School 0.6 mi Private PK-TKG
Normont Elementary 0.7 mi Public KG-5 C
St Margaret Mary School 0.7 mi Private PK-8
Eshelman Avenue Elementary School 0.9 mi Public 1-5 B-
Vermont Christian School 0.9 mi Private TKG-12
John Adams Elementary School 1.1 mi Public KG-5 B
Rolling Hills Preparatory 1.3 mi Private 1-12
J. H. Hull Middle School 1.3 mi Public 6-8 B-
Nishiyamato Academy Of California 1.3 mi Private PK-9
Howard Wood Elementary School 1.4 mi Public PK-5 A
Dr. Richard A. Vladovic Harbor Teacher Preparation Academy 1.6 mi Public 9-12 A+
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Harbor City, CA 90710

Median Age: 39.7
Married: 49%
Number of Households: 9,091
Households with Children: 30.4%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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