1615 Lomita Blvd, Harbor City, CA 90710 - View 1
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1615 Lomita Blvd, Harbor City, CA 90710

List Price: $2,475,000On Market FlagOn market
May 23, 202510,620 sqft23 beds16 baths
Listed by: Jonathan Weir
License #: 02038545
Phone #: 424-405-3855
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 25543933

Property Description

We are pleased to present our newest exclusive offering at 1615 W Lomita Blvd, a value-add multifamily opportunity in Harbor City. Hitting the market for the first time in 44 years, this property offers investors an exceptional combination of low basis on both price-per-unit and price-per-foot, with significant room to unlock upside. The asset features a diverse unit mix of studios, 1-bedrooms, 2-bedrooms, and 3-bedrooms, catering to a wide tenant demographic. With an estimated 60% upside in rents, this property is ideal for investors seeking to reposition a well-located building with strong fundamentals and long-term appreciation potential. Don't miss this rare chance to acquire a stabilized asset with built-in value and upside. For more information, please reach out.
Assignment
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Kevin Kretzmer
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

TurboHome Savings

$41,895

TurboHome Estimated Value

$2,634,000

$248 sqft

High Valuation
$2,765,700
$260/sqft
Normal Valuation
$2,634,000
$248/sqft
Low Valuation
$2,502,300
$236/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$248/sqft$2,634,000

Location

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