1652 Lomita Boulevard

Harbor City, CA 90710

$1,320,000
Price
5
Beds
7
Baths
4,684 Sq. Ft.
$282 / Sq. Ft.
4,684
Sq. Ft.
$282
per Sq. Ft.

Description

Starlight is a six-unit apartment community built in 1964. It offers an appealing mix of apartments: two studio units, three two-bedroom one-bath units, and one three-bedroom two-bath unit. Parking is secured at the rear of the property. The community has a full occupancy rate of 100% and enjoys reliable rent collections in a stable rental market. The Marker Cap Rate is in the 9% range. Residents benefit from quick access to major freeways, as well as proximity to schools, shopping centers, and restaurants....Starlight is a six-unit apartment community built in 1964. It offers an appealing mix of apartments: two studio units, three two-bedroom one-bath units, and one three-bedroom two-bath unit. Parking is secured at the rear of the property. The community has a full occupancy rate of 100% and enjoys reliable rent collections in a stable rental market. The Marker Cap Rate is in the 9% range. Residents benefit from quick access to major freeways, as well as proximity to schools, shopping centers, and restaurants. Additionally, the beautiful beaches of Torrance are only a 15-minute drive away.
  1. Listed by Mike Marcu • DRE #00919594 • Brokerage DRE #00919594 • Mike Marcu, Broker • 562-260-0940

Property Details for 1652 Lomita Boulevard

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4684
Assessor Parcel Number
7410-018-036
Property Attached YN
true
LISTING UPDATED: 12/12/2024 04:45 AM

Property Details for 1652 Lomita Boulevard

StatusActive
MLS #OC24231665
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Building Information for 1652 Lomita Boulevard

Building/Complex1652 Lomita BlvdFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-

Property Information for 1652 Lomita Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $960
  • Gross Scheduled Income: $110,088
  • Vacancy Allowance: 3303
  • Gross Operating Income: $106,785
  • Net Operating Income: $66,496
  • Laundry Income: $960
  • Gross Multiplier: 11.99
  • Cap Rate: 5.04
Expense Details
  • Operating Expense: $40,289
  • New Taxes Expense: $16,250
  • Fuel Expense: $0
  • Electric Expense: $2,953
  • Insurance Expense: $3,062
  • Maintenance Expense: $3,500
  • Professional Management Expense: $0
  • Other Expense: $1,600
  • Other Expense Description: Misc.
  • Trash Expense: $3,876
  • Water Sewer Expense: $9,048
  • Total Expenses: $40,289
Tax / Assessment Info
  • Tax Block: 7
  • Tax Tract Number: 1589
  • Tax Census Tract: 2933.02
  • CFD/Mello-Roos Fee: $1,691
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
  • Heating Type: Radiant
  • Heating: Radiant
  • Heat Equipment: Radiant
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 36-40 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Sewer Assessments
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 1
  • Carport Spaces: 3
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $929
  • Unit Type Total Rent: $1,858
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,561
  • Unit Type Total Rent: $4,682
  • Unit Type Pro Forma: 5850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,554
  • Unit Type Total Rent: $2,554
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 1652 Lomita Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1652 Lomita Boulevard

Taxable ValueLand$664,315Additions$636,724Total$1,301,039
Tax Record2024$17,314 ($1,443 / month)
Home Facts
Total Finished SqFt4,684 SqFtAbove Grade Finished SqFt4,684 SqFtLot Size5,939 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN7410-018-036

Schools near 1652 Lomita Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Harbor City Elementary School
PublicK to 5

Nathaniel Narbonne Senior High School
Public9 to 12

George S. Patton Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1652 Lomita Boulevard is a multi-family home for sale in Harbor City, CA 90710. This property was listed for sale on November 10, 2024 by Mike Marcu, Broker, it's currently listed at $1,320,000. It has been on the market for a total of 38 days and was last sold on November 22, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Harbor City Elementary School, William J. Johnston Community Day School and Nathaniel Narbonne Senior High School. 1652 Lomita Boulevard is a 5-bed, 7-bath, 4,684 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mike Marcu, Broker, Mike Marcu, DRE #00919594

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.