1623 Lomita Blvd, Harbor City, CA 90710
List Price: $3,100,000
On market
On marketMay 23, 202510,620 sqft19 beds20 baths
Listed by: Kelly Morgan
License #: 01898026
Phone #: 310-836-3638
Houze Real Estate Management
Source:
MLS #: 25543013
Property Description
***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!
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$42,312
TurboHome Estimated Value
$2,960,400
$279 sqft
High Valuation
$3,108,420
$293/sqft
Normal Valuation
$2,960,400
$279/sqft
Low Valuation
$2,812,380
$265/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $279/sqft | $2,960,400 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Location
Loading map...
No comparable properties found in this area.
Nearby Listings
No similar properties found in the area
Looking for properties within 5 miles with similar price and features
How it Works
1
Meet your local TurboHome agent
We match you with an in-house licensed real estate agent who knows your market
2
We support your home-buying journey
Everything you'd expect your agent to do: touring, analysis, coaching, offers, negotiations, and closing
3
You get big savings
You split the commission with your agent 50/50, saving you thousands compared to a traditional agent
