$2,350,000
$2,475,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
23 Beds
16 Baths
10,620 SqFt
SOLD DATE : 10/02/2025
Key Details
Sold Price $2,350,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 10,620 sqft
Price per Sqft $221
MLS Listing ID 25543933
Sold Date 10/02/25
Bedrooms 23
HOA Y/N No
Year Built 1961
Lot Size 0.271 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Door-Multi, Door-Single, Garage, Uncovered
Total Parking Spaces 14
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7439025026
Special Listing Condition Standard
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Bought with Kelly Morgan Houze Real Estate Management
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