1652 W Lomita Blvd, Harbor City, California 90710

$1,420,000

Property Type

Residential Income

Building Size

4,684 sqft

City

Harbor City

Status

Active

Cali Keys Realty presents an exceptional investment opportunity in Harbor City. This 6-unit multifamily property offers a strong unit mix, established rental income, and an excellent opportunity for investors looking to expand their Southern California portfolio. The property is currently generating approximately $9,875.60 in gross monthly rental income and is subject to RSO. The unit mix and current rents are as follows: Unit 1: 3 Bedrooms / 2 Bathrooms — $2,736.00/month — Month-to-Month Unit 2: 2 Bedrooms / 1 Bathroom — $1,180.24/month — Month-to-Month Unit 3: 2 Bedrooms / 1 Bathroom — $2,510.42/month — Month-to-Month Unit 4: 2 Bedrooms / 1 Bathroom — $1,251.77/month — Month-to-Month Unit 5: Studio — $1,111.23/month — Month-to-Month Unit 6: Studio — $1,085.94/month — Month-to-Month Gross Monthly Rental Income: $9,875.60 Gross Annual Rental Income: $118,507.20 Approximate Cap Rate: 5.1% Adding to the investment opportunity, two additional properties are available for purchase and may be acquired together with this property, creating the potential for a larger portfolio acquisition: 1612 W 253rd St, Harbor City, CA 103 W 14th St, San Pedro, CA An excellent opportunity for investors seeking established rental income, multiple units, and the ability to acquire additional properties as part of a larger portfolio.