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616 E Lomita Ave
For Sale $2,990,000
$2,990,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 14,129 Sq Ft
Description
Presenting a fully renovated 4-unit apartment building with 4 additional ADU's with separate addresses alongside a separately metered three-bedroom, 1.5-bathroom single-family residence spanning over 1,200 sq. ft. This unique offering provides versatility—ideal for an owner-user seeking rental income or an investor acquiring a 9-unit income property with potential future development opportunities.
The property owner has preliminary plans for a proposed three-story, 11-unit apartment development (buyer to verify all feasibility and requirements with the city).
Apartment Complex (616-618 E Lomita Ave.) and single-family residence (622 E. Lomita Ave.) are to be sold together.
Please do not disturb tenants or access the property without prior authorization. All offers are subject to interior inspection. For further details, contact the listing office.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,990,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1931 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5675004006 |
| MLS # | BB25025342 |
| Property ID | 292795357 |
| Lot Sqft | 14,129 |
| Zoning | GLR4YY |
| Total Units | 9 |
| Days on Market | 308 |
| Original List Price | $3,374,000 |
| Date Updated | June 10, 2025 |
| Date Created | February 03, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $19,978 | $0 |
| Net Income (Yr) | $ 164,972 |
| Cap Rate | 5% |
Listing Provided By
Thomas Khodjasarian an agent of . Lic #02016048
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 10, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT