Harbor City (124) Homes with Multi Family Subtype

Welcome to Harbor City, a hidden gem nestled in the heart of Los Angeles County, California. This vibrant community is characterized by its charming neighborhoods, diverse culture, and convenient access to the bustling city life of Los Angeles. With its close proximity to the picturesque waterfront and a plethora of parks, Harbor City offers a unique blend of urban convenience and natural beauty.

For those seeking investment opportunities or multi-generational living arrangements, Harbor City boasts a variety of multi-family homes that cater to diverse needs. These properties are perfect for families looking to live close together while maintaining their independence, or for savvy investors aiming to capitalize on the thriving rental market in this desirable area. Multi-family homes in Harbor City come in various styles and sizes, from cozy duplexes to spacious triplexes, allowing buyers to find the perfect fit for their lifestyle or investment strategy.

The local real estate market is dynamic, with homes often showcasing modern amenities and charming architectural details that reflect the area's rich history. Residents enjoy a strong sense of community, with local shops, restaurants, and schools just a stone's throw away. Plus, the easy access to major highways and public transportation makes commuting a breeze.

Whether you're looking to settle down or invest, Harbor City offers a unique opportunity to experience the best of California living. Explore the possibilities that await you in this charming neighborhood, where community spirit and real estate potential thrive hand in hand.

Newest Harbor City (124) Homes with Multi Family Subtype

$1,498,800

DW22136678 MLS ⋅ Active Status ⋅ Sunset Apartments BLDG.

We are pleased to present the Sunset Apartments, a 6 unit apartment building in Harbor City in the South Bay submarket of Los Angeles. The unit mix consists of (1) Huge 3bd/2ba with attached direct entry 1-car garage, (3) Large 2bd/1ba, and (2) Studio/1ba units. This is an extremely rare opportunity as the building is being offered with the two largest units vacant and renovated! A new owner will be able to choose their own tenants and achieve market rent for these units starting on Day 1 and capitalize on the high rental demand in the area that has very low average vacancy and high rents. The other units offer huge rental upside as the units turn over the new owner will be able to achieve a 7.4% Market Cap Rate. This building benefits from the excellent central location within minutes between Redondo Beach, Palos Verdes, San Pedro port, and Long Beach. The 6 unit building next door (1652 Lomita Blvd) is also listed for sale (separate seller) and is a mirror copy of this building with identical unit mix. Here's your opportunity to purchase these side by side buildings in a strong rental market. Harbor City is a small suburb connecting Greater Los Angeles to the port cities of Wilmington and San Pedro. It borders affluent cities such as Rancho Palos Verdes, Rolling Hills, and Torrance. The building is located seconds to Pacific Coast Highway and is a short drive to beach cities such as Long Beach to the east, Redondo Beach and Manhattan Beach to the Northwest. High Rental Demand in Excellent South Bay submarket within minutes to Pacific Coast Highway and neighboring Rolling Hills Estates and Palos Verdes Estates. Huge Rental Income Upside - 7.4% Proforma CAP Rate and 9.94 Proforma GRM. Near abundance of employment opportunities in Long Beach, San Pedro and Wilmington Ports.

1656 Lomita Boulevard, Harbor City

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