***PRICE REDUCTION | VERY MOTIVATED SELLER***Exceptional Investment Opportunity***This property offers a 6.31% in-place cap rate and 9.66 GIM, with upside to a 9.46% cap rate and 7.35 GIM. Adding two ADUs (Buyer to Verify) increases performance to a 6.91% cap rate, 8.87 GRM, and a remarkable 6.72% pre-tax cash flow with no additional turnover. Highlights: - 20.14% 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!
For sale
Price cut: $50K (7/1)
$3,100,000
1623 Lomita Blvd, Harbor City, CA 90710
19beds
20baths
10,620sqft
Est.:
Multi Family
Built in 1961
-- sqft lot
$2,987,000 Zestimate®
$292/sqft
$-- HOA
What's special
Unique layoutConnecting doorDual pane windows
- 47 days
- on Zillow |
- 110 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: July 07, 2025 at 07:51am
Listed by:
Kelly Morgan DRE # 01898026 310-836-3638,
KW Advisors 310-482-2200
Source: CLAW,MLS#: 25543013

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 19
- Bathrooms: 20
Heating
- Wall
Cooling
- Wall/Window Unit(s)
Interior area
- Total structure area: 10,620
- Total interior livable area: 10,620 sqft
Property
Parking
- Total spaces: 13
- Parking features: Covered, Open
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
- Stories: 2
Lot
- Size: 0.27 Acres
- Dimensions: 100 x 118
Details
- Additional structures: None
- Zoning: LAR3
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1961
Community & HOA
Location
- Region: Harbor City
Financial & listing details
- Price per square foot: $292/sqft
- Tax assessed value: $2,680,501
- Date on market: 5/23/2025
- Total actual rent: 26405
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