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For sale
  • Price cut: $50K (7/1)
    $3,100,000

    1623 Lomita Blvd, Harbor City, CA 90710

    19beds
    20baths
    10,620sqft
    : 
    Multi Family
    Built in 1961
    -- sqft lot
    $2,987,000 Zestimate®
    $292/sqft
    $-- HOA

    What's special

    Unique layoutConnecting doorDual pane windows
    ***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!
    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#: 25543013MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1623 Lomita Blvd.

    Next available tour time:Today at 11am

    Open house

    • Mon, Jul 14

      11:00 AM - 2:00 PM

    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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