Harbor City (los Angeles), CA 90710,1656 Lomita Boulevard
Harbor City (los Angeles), CA 90710,1656 Lomita Boulevard
Harbor City (los Angeles), CA 90710,1656 Lomita Boulevard
60
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$1,498,800
Est. payment /mo
4,731 SqFt
Active

1656 Lomita Boulevard Harbor City (los Angeles), CA 90710

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

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Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 4,731 sqft

Price per Sqft $316

MLS Listing ID CRDW22136678

HOA Y/N No

Year Built 1965

Lot Size 5,586 Sqft

Acres 0.13

Property Sub-Type Comm Ind For Sale

Property Description

We are pleased to present the Sunset Apartments, a 6 unit apartment building in Harbor City in the South Bay submarket of Los Angeles. The unit mix consists of (1) Huge 3bd/2ba with attached direct entry 1-car garage, (3) Large 2bd/1ba, and (2) Studio/1ba units. This is an extremely rare opportunity as the building is being offered with the two largest units vacant and renovated! A new owner will be able to choose their own tenants and achieve market rent for these units starting on Day 1 and capitalize on the high rental demand in the area that has very low average vacancy and high rents. The other units offer huge rental upside as the units turn over the new owner will be able to achieve a 7.4% Market Cap Rate. This building benefits from the excellent central location within minutes between Redondo Beach, Palos Verdes, San Pedro port, and Long Beach. The 6 unit building next door (1652 Lomita Blvd) is also listed for sale (separate seller) and is a mirror copy of this building with identical unit mix. Here's your opportunity to purchase these side by side buildings in a strong rental market. Harbor City is a small suburb connecting Greater Los Angeles to the port cities of Wilmington and San Pedro. It borders affluent cities such as Rancho Palos Verdes, Rolling Hills, and Torr

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Total Parking Spaces 6

Building

New Construction No

Others

Tax ID 7410018037

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Bridge MLS
Listed by Jennifer Avellan • Keller Williams SELA

A FEW WORDS FROM PAST CLIENTS

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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1656 Lomita Boulevard