1623 Lomita

    Harbor City, CA 90710
    • $2,999,000
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: 18335672
    UPDATED: 38 min ago
    $2,999,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,620
      SQFT
    • $282
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    16 units in a highly-visible location along one of the main arteries connecting Torrance to the 110 Freeway. The building stays full all the time due to the traffic flow - free advertising. The building has been nicely-maintained and has some upgrades, as well - the most obvious is the installation of dual-pane windows throughout - as well as a new, 100 gallon, hot water heater. Copper plumbing, as well. The building has an on-site laundry facility.The tenants have dedicated, open parking in the rear. Additional parking, also, along Lomita Boulevard.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.amazingtemeculahomes.com/homes/82808703

    1623 Lomita Harbor City, CA 90710

    • Price: $2,999,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 18335672
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    10,620
    SQFT
    $282
    $/SQFT
    1961
    Built
    Neighborhood:
    124 - Harbor City
    County:
    Los Angeles
    Area:
    124 - Harbor City
    Property Description
    16 units in a highly-visible location along one of the main arteries connecting Torrance to the 110 Freeway. The building stays full all the time due to the traffic flow - free advertising. The building has been nicely-maintained and has some upgrades, as well - the most obvious is the installation of dual-pane windows throughout - as well as a new, 100 gallon, hot water heater. Copper plumbing, as well. The building has an on-site laundry facility.The tenants have dedicated, open parking in the rear. Additional parking, also, along Lomita Boulevard.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Electric Expense 12978.00 Gross Multiplier 14.64 Gross Operating Income 204912.00 Improvements Amount 1428000 Insurance Expense 3200.00 Land Value 1101600 Laundry YN No Maintenance Expense 8352.00 Net Operating Income 129449.00 Operating Expense 4000.00 Professional Management Expense 6000.00 Special Listing Conditions Standard Total Expenses 73198.00 Zoning Lar3

    Listing provided courtesy of Brice Head of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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