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1623 Lomita Boulevard
USD 3,150,000
Property ID: 25543013
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1623 Lomita Boulevard ,90710
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icon 11804 SqFt
icon Built in 1961
icon USD 267/SqFt
icon 19 Beds
icon 20 Full
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Location
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Interior Details
Bedrooms
19
Bathrooms
20
Interior Size
10620
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1961
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Detailed Introduction Of This Home
Exceptional Investment Opportunity***This property offers a 6.17% in-place cap rate and 9.83 GIM, with upside to a 9.29% cap rate and 7.47 GIM. Adding two ADUs (Buyer to Verify) increases performance to a 6.77% cap rate, 9.03 GRM, and a remarkable 6.32% pre-tax cash flow with no additional turnover. Highlights: - 21.07% 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!
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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1623 Lomita Boulevard
USD 3,150,000 19 Beds
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