CA > Harbor City
Harbor City, CA 90710,1623 Lomita BLVD
Harbor City, CA 90710,1623 Lomita BLVD
Harbor City, CA 90710,1623 Lomita BLVD
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$3,100,000
Est. payment /mo
19 Beds
20 Baths
10,620 SqFt
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Mon Jul 14, 11:00am - 2:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,620 sqft

Price per Sqft $291

MLS Listing ID 25543013

Bedrooms 19

HOA Y/N No

Year Built 1961

Lot Size 0.271 Acres

Lot Dimensions Assessor

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!

Location

State CA

County Los Angeles

Area 124 - Harbor City

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Covered, Uncovered

Total Parking Spaces 13

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 7439025025

Special Listing Condition Standard

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CRMLS – RECore
Listed by Kelly Morgan KW Advisors
advisor-avatar

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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