1615 Lomita Blvd - Apartments FOR SALE


Harbor City, CA 90710
$2,475,000 USD
707-225-2402
1615 Lomita Blvd, Harbor City, CA for Sale
$2,475,000 USD
Apartments - FOR SALE
1/10
null | 5.25% Cap Rate

1615 Lomita Blvd
Harbor City, CA 90710


HIGHLIGHTS

  • Value-Add (Estimated 60% Upside)
  • Low Basis on Both PPU and PPFT
  • First Time Being Sold in 44 Years
  • Diverse Mix of Studios, 1’s, 2’s, and 3’s

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

14

PRICE/UNIT

$176,786

CAP RATE

5.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Capri Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,705 SF

ZONING

R3

APN/PARCEL ID

7439-025-026

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.