1625 Lomita, Harbor City, CA 90710
- $1,480,000
- List Price
- $1,480,000
- Status
- ACTIVE
- MLS#
- SB26101504
- Year Built
- 1958
- Lot Size
- 5,901
- Acres
- 0.14
- Lot Location
- Rectangular Lot, Walkstreet
- Days on Market
- 28
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
First time on the market in 37 years! This 8-unit apartment complex offers investors a classic bread-and-butter income property in a strong rental location near Kaiser Permanente South Bay Medical Center and adjacent to the desirable, affluent South Bay communities of Lomita and Rancho Palos Verdes. The property’s strategic location provides consistent rental demand with easy access to major freeways, beaches, shopping, dining, and major employment centers throughout the South Bay and Harbor Area. The property features an optimal mix of one- and two-bedroom units with substantial, nearly 45% upside in rental income as units turn over. Additional features include on-site laundry with leased equipment and open parking in the rear of the building.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $128,111
- Operating Expense
- 43766
Listing courtesy of Listing Agent: Olga Wright (olga@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.