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1615 Lomita Blvd

Harbor City, CA 90710
  • $2,475,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 25543933
UPDATED: 62 min ago
$2,475,000
  • 23
    BEDS
  • 0.27
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 10,620
    SQFT
  • $233
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:
Area:

School Ratings & Info

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-17T06:44:08.483. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/164256427
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1615 Lomita Blvd Harbor City, CA 90710

  • Price: $2,475,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 62 min ago
  • MLS #: 25543933
23
Beds
16
Baths
0
½ Baths
0.27
Acres
10,620
SQFT
$233
$/SQFT
1961
Built
Neighborhood:
Harbor City
County:
Los Angeles
Area:
Harbor City
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.
Exterior Features

Levels Two Lot Size Area 11804 Other Structures None Parking Garage UncoveredGarage - 2 CarGarage - 1 Car Total Parking 14

Interior Features

Cooling None Equipment Range/OvenRefrigerator Heating Wall

Property Features

Assessed Total Value 847484 Disclosures None Gross Income 221577 Gross Operating Income 221577 Like Units1 2 Like Units2 4 Like Units3 1 Like Units4 5 Like Units5 2 Net Operating Income 129902.00 Number Of Buildings 1 Number Of Units 14 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 91869 Type Of Units Standard Year Built Source Vendor Enhanced Zoning LAR3

Listing provided courtesy of Jonathan Weir DRE#02038545 of Marcus & Millichap: 424-405-3900.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-17T06:44:08.483. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210