1623 Lomita Blvd Harbor City, CA 90710
Property details
About 1623 Lomita Blvd
Exceptional Investment Opportunity High Cap Rate with Upside Potential! Assumable loan of $1,950,000 fixed for 2 years @ 5.75%.This property offers a 6.03% in-place cap rate and 9.95 GIM, with upside to a 9.44% cap rate and 7.37 GIM. Adding two ADUs (Buyer to Verify) increases performance to a 6.65% cap rate, 9.11 GRM, and a remarkable 6.13% pre-tax cash flow with no additional turnover. Highlights: - 15.07% 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!
Highlights
Summary
- MLS Number: 25492355
- MLS Name: CRMLS
- Office Name: KW Advisors
- Office Phone: (310) 482-2200
- Listing Agent: Kelly Morgan
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,100,000
1623 Lomita Blvd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 23, 2019 | Home Sold | $2,500,000 |
| May 31, 2016 | Home Sold | $2,000,000 |
| Aug 19, 2011 | Home Sold | $1,630,000 |
| Aug 30, 2006 | Home Sold | $1,370,000 |
| Mar 22, 2005 | Home Sold | $1,233,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,734,110 | $36,161 |
| 2023 | $2,680,501 | $35,477 |
| 2022 | $2,627,944 | $33,907 |
| 2021 | $2,576,417 | $33,442 |
| 2020 | $2,550,000 | $34,024 |
| 2019 | $2,631,795 | $33,773 |
| 2018 | $2,580,192 | $33,009 |
| 2017 | $2,529,600 | $33,009 |
History based on county public records data.
Nearby schools
6
Harbor City Elementary School
Public District KG-5
0.3 mi
•1508 254th St
4
President Avenue Elementary School
Public District 1-6
0.5 mi
•1465 243rd St
4
Normont Elementary
Public District KG-5
0.7 mi
•1001 253rd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,190. The majority of Harbor City, CA residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
News
Frequently asked questions
About 1623 Lomita Blvd
This home is located at 1623 Lomita Blvd in Harbor City, CA and zip code 90710 in the The Harbor neighborhood. This 10,620 square foot home, which was built in 1961, sits on a 0.27 acre lot. Features: 19 bedrooms, 20 bathrooms. It has been listed on Rocket Homes since January 31, 2025 and is currently priced at $3,100,000.
While more than 294 listings in Harbor City, CA in January 2025 were sold above asking price, there were more than 161 listings sold at asking price, and more than 545 were sold below. The number of homes for sale in Harbor City, CA increased by 20.1% between December and January 2025. In January 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $1,035,435.