1623 Lomita Boulevard, Harbor City, CA 90710

About this property

***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!

Listing description from the September 2025 sale, as reported to CRMLS.

Sale history

$2,950,000

Sold September 2025 · listed $3,100,000, orig. $3,150,000, on market May 2025 · MLS #25543013 · Source: CRMLS

Listing Agent: Kelly Morgan · Listing Office: Houze Real Estate Management · Contact: 323-852-1372 · Bought with: Kelly Morgan · Houze Real Estate Management

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