Rare South Bay Investment Opportunity – Huge Lot with Major Upside
Unlock the full potential of this rare 4-unit income property located on a massive lot in a prime South Bay location. With LA1.5 zoning and a proven neighborhood precedent for higher-density development, this is an exceptional opportunity for investors, developers, or savvy owner-users.
Each of the four existing units features 2 bedrooms, private laundry hookups, and a functional layout ideal for steady rental income or future repositioning.
What truly sets this property apart is the redevelopment potential—the lot next door to the west has 9 units, the one just beyond that boasts 12 units, and a 5-unit townhouse development sits two doors down (all with the same lot size). The possibilities here are substantial for anyone looking to maximize density and value.
Centrally located with easy access to the freeway, local beaches, a nearby hospital, and walking distance to the park, the location offers strong appeal for tenants and future buyers alike.
Whether you're buying and holding, house hacking, or planning a ground-up development, this property offers the size, zoning, and surrounding comps to support a serious upside.
Opportunities like this don’t come around often—seize it while you can.
Home Style:
Bungalow
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
7,606 sq. ft.707 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1965
(Age: 60)
General Listing Location:
Harbor City, 124 - Harbor City
County Or Parish:
Los Angeles
Tenant Pays:
Cable TV, Electricity, Gas, Telephone
Common Interest:
None
Gross Income:
$58,200
Gross Scheduled Income:
$58,200
Net Operating Income:
$39,580
Rent Control:
Yes
Land Lease:
No
Electric Expense:
$0
Fuel Expense:
$0
Insurance Expense:
$1,800
Taxes expense:
12000.0
Operating Expense:
$18,620
Trash Expense:
$0
Water and Sewer Expense:
$3,820
Tax Lot:
11
Tax Block:
13
just off Lomita Bl
Floor
Type
Size
Other
-
Bedroom
Measurements not available
All Bedrooms Down
View:
None
Number of Buildings:
1
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
1
Community Features:
Curbs, Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
Senior Community:
No
Interior Features:
All Bedrooms Down
Laundry Features:
Inside
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
36-40 Units/Acre
Fireplace Features:
None
Security Features:
Carbon Monoxide Detector(s)
Levels:
One
Num Stories:
1
Entry Level:
1
Entry Location:
1
New Constr.:
No
Flooring:
Tile, Vinyl
Foundation:
Slab
Roof:
Asphalt
Common Walls:
2+ Common Walls
# Units:
4
Heating:
Wall Furnace
Fireplace:
No
Cooling:
None
Utilities:
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected