Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

Quick Search

    1623 Lomita Boulevard, Harbor City, CA 90710
    Image Gallery
    Property Photos
    1623 Lomita Boulevard
    Contact Silva Babaian
    Contacting Silva Babaian
    • All fields are required.
    Schedule A Showing
    Schedule a Showing.
    • All fields are required.
    Check this box to Register with us:
    Request more information
    • MLS#: 25492355 ( )
    • Street Address: 1623 Lomita Boulevard
    • Viewed: 9
    • Price: $3,100,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1961
    • Bldg sqft: 0
    • Days On Market: 63
    • Additional Information
    • County: LOS ANGELES
    • City: Harbor City
    • Zipcode: 90710
    • Provided by: KW Advisors
    • Contact: Kelly Kelly
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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!
    Request More Information
    • All fields are required.
    Features
    Building Area Total
    1. 10620.00
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Heating
    1. Wall Furnace
    Levels
    1. Multi/Split
    Lot Dimensions Source
    1. Assessor
    Netoperatingincome
    1. 186986.00
    Parcel Number
    1. 7439025025
    Parking Features
    1. Covered
    2. Uncovered
    Postalcodeplus4
    1. 2089
    Sourcesystemkey
    1. 25492355:CLAW
    Totalexpenses
    1. 115162.00
    Year Built
    1. 1961
    Year Built Source
    1. Assessor
    Zoning
    1. LAR3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836