1625 Lomita, Harbor City, CA 90710

1625 Lomita, Harbor City, CA 90710

Harbor City, CA
$1,480,000

Property Description

About this home

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.

Investment Highlights

  • Excellent Unit Mix of Four Singles and Four One-Bedroom Units
  • Separately Metered for Gas and Electric
  • Rents Have Substantial Nearly 45% Upside
  • Property has On-Site Common Laundry with Leased Equipment
  • Parking Spaces in the Rear of the Building

Property Features

  • Sale Price: $1,480,000
  • Area Size: 4,770 sq ft
  • Land Area: 5,901 sq ft
  • Year Built: 1958
  • Units: 8

Lyon Stahl Investment Real Estate

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