1623 Lomita Boulevard, Harbor City, CA 90710

Local realty services provided by:ERA Donahoe Realty
1623 Lomita Boulevard,Harbor City, CA 90710
$3,100,000
  • 19 Beds
  • 20 Baths
  • 10,620 sq. ft.
  • Multi-family
  • Pending
Listed by:kelly morgan
Office:houze real estate management
MLS#:25543013
Source:CRMLS

Price summary

  • Price:$3,100,000
  • Price per sq. ft.:$291.9

About this home

***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!

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Home facts

  • Year built:1961
  • Listing ID #:25543013
  • Added:129 day(s) ago
  • Updated:September 26, 2025 at 07:31 AM

Rooms and interior

  • Bedrooms:19
  • Total bathrooms:20
  • Living area:10,620 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1961
  • Building area:10,620 sq. ft.
  • Lot area:0.27 Acres

Finances and disclosures

  • Price:$3,100,000
  • Price per sq. ft.:$291.9
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