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1623 Lomita Blvd, 
Harbor City, CA 90710

$3,150,000


19

Beds


20

Baths


10,620

Sq Ft


Multi-Family

Active

Listed by

Kelly Morgan

Kw Advisors

310-482-2200

Last updated:

June 22, 2025, 02:14 PM

MLS#

25543013

Source:

CA CLAW

About This Home

1623 Lomita Blvd

Exceptional Investment Opportunity***This property offers a 6.17% in-place cap rate and 9.83 GIM, with upside to a 9.29% cap rate and 7.47 GIM. Adding two ADUs (Buyer to Verify) increases performance to a 6.77% cap rate, 9.03 GRM, and a remarkable 6.32% pre-tax cash flow with no additional turnover. Highlights: - 21.07% 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!

Home Facts

Multi-Family

20 Baths

19 Bedrooms

Built in 1961

Price Summary

3,150,000

$296 per Sq. Ft.

MLS #:

25543013

Last Updated:

June 22, 2025, 02:14 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

19

Bathrooms

Total Bathrooms:

20

Interior

Living Area:

10,620 Sq. Ft.


Structure

Structure

Year Built:

1961


Lot

Lot Size (Sq. Ft):

11,804


Finances & Disclosures

Finances

Price:

$3,150,000

Price per Sq. Ft:

$296 per Sq. Ft.

Source:CA CLAW
The information being provided by The MLS/Claw is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 The MLS/Claw All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.