1615 Lomita Boulevard
Harbor City
90710
$2,475,000
Residential Income
beds: 23
baths: 16.0
10,620 sq. ft.
built: 1961
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 25543933
- Bedrooms:
- 23
- Bathrooms:
- 16
- Year Built:
- 1961
- Photos (10)
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We are pleased to present our newest exclusive offering at 1615 W Lomita Blvd, a value-add multifamily opportunity in Harbor City. Hitting the market for the first time in 44 years, this property offers investors an exceptional combination of low basis on both price-per-unit and price-per-foot, with significant room to unlock upside. The asset features a diverse unit mix of studios, 1-bedrooms, 2-bedrooms, and 3-bedrooms, catering to a wide tenant demographic. With an estimated 60% upside in rents, this property is ideal for investors seeking to reposition a well-located building with strong fundamentals and long-term appreciation potential. Don't miss this rare chance to acquire a stabilized asset with built-in value and upside. For more information, please reach out.
- Total Floor Area:
- 10,620 sq. ft.
- Lot Area:
- 11,804 sq. ft.
- Bedrooms:
- 23
- Full Bathrooms:
- 0
- Three Quarter Bathrooms:
- 0
- Half Bathrooms:
- 0
- One Quarter Bathrooms:
- 0
- Bathrooms:
- 16.0 (Full:0, Half:0)
- Year built:
- 1961 (Age: 64)
- General Listing Location:
- Harbor City, 124 - Harbor City
- County Or Parish:
- Los Angeles
- Gross Income:
- $221,577
- Net Operating Income:
- $129,902
- Vacancy Allowance Rate:
- $0
- W Lomita Blvd & President Ave
- Appliances:
- Refrigerator
- Number of Buildings:
- 1
- Senior Community:
- No
- Levels:
- Two
- Num Stories:
- 2
- New Constr.:
- No
- # Units:
- 14
- Heating:
- Wall Furnace
- Cooling:
- None
- Total Parking Spaces:
- 14
- Parking Features:
- Door-Multi, Door-Single, Garage, Uncovered
- Special Listing Conditions:
- Standard
- Parcel Number:
- 7439025026
- Zoning:
- LAR3
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Listed by Marcus & Millichap
Data was last updated June 5, 2025 at 08:40 PM (UTC)
- CHRISTYNA BUTCHER
- Seven Gables Real Estate
- 1 (626) 2619093
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of June 5, 2025 at 08:40 PM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Office Address:
358 N. Glendora Ave
Glendora, CA, 91741