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1652 Lomita Boulevard
124 - Harbor City Harbor City 90710

$1,320,000
Residential Income built: 1964

Main Photo: 1652 Lomita Boulevard in Harbor City: Residential Income for sale (124 - Harbor City) : MLS®# OC24231665
Status:
Active Under Contract
Prop. Type:
Residential Income
MLS® Num:
OC24231665
Year Built:
1964
Starlight is a six-unit apartment community built in 1964. It offers an appealing mix of apartments: two studio units, three two-bedroom one-bath units, and one three-bedroom two-bath unit. Parking is secured at the rear of the property. The community has a full occupancy rate of 100% and enjoys reliable rent collections in a stable rental market. The Marker Cap Rate is in the 9% range. Residents benefit from quick access to major freeways, as well as proximity to schools, shopping centers, and restaurants. Additionally, the beautiful beaches of Torrance are only a 15-minute drive away.
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
5,941 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1964 (Age: 61)
General Listing Location:
Harbor City, 124 - Harbor City
County Or Parish:
Los Angeles
Common Interest:
Community Apartment
Gross Income:
$960
Gross Scheduled Income:
$110,088
Net Operating Income:
$66,496
Cap Rate %:
5.04
Rent Control:
Yes
Association Fee:
$0
Land Lease:
No
Electric Expense:
$2,953
Fuel Expense:
$0
Insurance Expense:
$3,062
Maintenance Expense:
$3,500
Taxes expense:
16250.0
Operating Expense:
$40,289
Other Expense:
$1,600
Professional Management Expense:
$0
Trash Expense:
$3,876
Water and Sewer Expense:
$9,048
Vacancy Allowance:
$3,303
Tax Lot:
7
Tax Block:
7
western Avenue to Lomita Blvd. east
Number of Buildings:
1
# of Electric Meters:
7
# of Gas Meters:
0
# of Water Meters:
1
Community Features:
Curbs, Storm Drain(s), Sidewalks, Urban
Senior Community:
No
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Lot Features:
36-40 Units/Acre
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
1
New Constr.:
No
Common Walls:
2+ Common Walls
# Units:
6
Heating:
Radiant
Water supply:
Public
Sewer:
Sewer Assessment(s)
Garage Spaces:
1
Uncovered Spaces:
2
Carport Spaces:
3
Total Parking Spaces:
6
Special Listing Conditions:
Standard
Parcel Number:
7410018036
Zoning:
LAR3
  • Photo 1: 1652 Lomita Boulevard in Harbor City: Residential Income for sale (124 - Harbor City) : MLS®# OC24231665
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Listed by Mike Marcu, Broker
Data was last updated January 21, 2025 at 10:40 PM (UTC)
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Based on information from California Regional Multiple Listing Service, Inc. as of January 21, 2025 at 10:40 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.