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Listed by Olga Wright, DRE #01315042 • Lyon Stahl Investment Real Estate, Inc.
$ 1,480,000
Est. payment /mo
New
1625 Lomita Harbor City, CA 90710
5,901 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26101504
Year Built 1958
Lot Size 5,901 Sqft
Source California Regional MLS
Property Description
First time on the market in 37 years! This 8-unit apartment complex offers investors a classic bread-and-butter income property in a strong rental location near Kaiser Permanente South Bay Medical Center and adjacent to the desirable, affluent South Bay communities of Lomita and Rancho Palos Verdes. The property's strategic location provides consistent rental demand with easy access to major freeways, beaches, shopping, dining, and major employment centers throughout the South Bay and Harbor Area. The property features an optimal mix of one- and two-bedroom units with substantial, nearly 45% upside in rental income as units turn over. Additional features include on-site laundry with leased equipment and open parking in the rear of the building.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Interior
Laundry Laundry Area
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 7439025024
Special Listing Condition Not Applicable
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