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1652 Lomita Boulevard

Harbor City, CA 90710
  • $1,400,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: DW22162189
UPDATED: 82 min ago
$1,400,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): James Torres of Keller Williams Sela (562-334-1500)


Description

Pleased to present the Starlite Apartments, a 6 unit apartment building in Harbor City in the excellent LA submarket of the South Bay. The unit mix consists of (1)Huge 3bd/2ba with attached 1-car garage with direct entry, (3) 2bd/1ba, and (2) Studio/1ba units. Long term tenants huge 45% Upside in Rental Income - 8.07% Proforma CAP Rate and 9.28 Proforma GRM. Soft-story retrofit already completed. Great location within minutes to Pacific Coast Highway and neighboring Rolling Hills Estates and Palos Verdes Estates. Also near abundance of employment opportunities in Long Beach, San Pedro and Wilmington Ports. Also within short drive to Redondo Beach, Manhattan Beach and Rancho Palos Verdes. The 6 unit building next door which has an identical unit mix is available separately. Both buildings area all electric buildings with no gas utility. Drive by only, do not disturb the tenants. Offer subject to inspection.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T21:30:57.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
www.livelovebeachcities.com/homes/131195163
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1652 Lomita Boulevard Harbor City, CA 90710

  • Price: $1,400,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 82 min ago
  • ID#: DW22162189
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1964
Built
Neighborhood:
124 - Harbor City
County:
Los Angeles
Area:
124 - Harbor City
Property Description
Pleased to present the Starlite Apartments, a 6 unit apartment building in Harbor City in the excellent LA submarket of the South Bay. The unit mix consists of (1)Huge 3bd/2ba with attached 1-car garage with direct entry, (3) 2bd/1ba, and (2) Studio/1ba units. Long term tenants huge 45% Upside in Rental Income - 8.07% Proforma CAP Rate and 9.28 Proforma GRM. Soft-story retrofit already completed. Great location within minutes to Pacific Coast Highway and neighboring Rolling Hills Estates and Palos Verdes Estates. Also near abundance of employment opportunities in Long Beach, San Pedro and Wilmington Ports. Also within short drive to Redondo Beach, Manhattan Beach and Rancho Palos Verdes. The 6 unit building next door which has an identical unit mix is available separately. Both buildings area all electric buildings with no gas utility. Drive by only, do not disturb the tenants. Offer subject to inspection.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 6 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Heating Radiant Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Street LightsSidewalks Electric Expense 2400 Fuel Expense 0 Garage YN No Gross Income 82092 Gross Scheduled Income 82092 Insurance Expense 1676 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 51876 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Operating Expense 31716 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 6540 Water Sewer Expense 3000 Water Source Other Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T21:30:57.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
 
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Bathurst Coastal Properties | Compass
2141 Rosecrans Ave, Suite 1120
El Segundo CA, 12345
Listing Agent(s): James Torres of Keller Williams Sela (562-334-1500)