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

• 4,731 sqft

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

Listing Status:

Active

Date Added:

July 6, 2022 at 05:00AM

Listing Office:

Keller Williams SELA : 714-861-5500

Listing Agent:

Jennifer Avellan : 310-346-7851

MLS ID:

CRDW22136678

Location

• County: Los Angeles

Lot

• Zoning: LAR37410018037

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected

This listing courtesy of Jennifer Avellan, Keller Williams SELA