8-Unit Apartment
For Sale
$3,000,000
Pending
26377 Hillcrest Avenue, Lomita, CA 90717
Three vacant residences, extensive system upgrades, and garage parking shape this multifamily property.
Property Size7,504 SF
Lot Size0.51 Acres
Days on Market11
Property Features for 26377 Hillcrest Avenue
General Information
Standard status
Pending
Size
7,504 SF
Total Parking Spaces
16
Lot size
0.51 Acres
Property subtype
Residential Income
Zoning
LOR1
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
7 x 2BR/1.5BA, 1 x 3BR/1.75BA
Multifamily Units
8
Individually Metered Utilities
electricity, water
Additional Details
Tenant in Place
Yes
Amenities
private balconies
walk-in closets
covered parking
tankless water heaters
true
9
2
17
false
22224
16
0.5102
Assessor
7504
1
Building Details
Building Size
7,504 SF
Year Built
1971
Stories
2
Listing Agency:
Keller Williams Realty
(310) 480-2130
Listed By:
Joshua Cohen
Source:
Gotrealestatesolutions
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 8-unit apartment property in Lomita contains seven two-bedroom, one-and-a-half-bath residences and one three-bedroom, one-and-three-quarter-bath residence. Units are nearly 1,000 square feet each; two have private balconies, and all include walk-in closets. Three units are vacant. Improvements include replacement windows, PEX plumbing, updated electrical service with new subpanels, and a tankless water heater in each unit. Electricity is individually metered, gas is master-metered, and water use is submetered with tenants billed according to pro-rata usage.
The property occupies a 22,224-square-foot lot and includes 7,504 square feet of building area. Covered parking consists of six single garages and five double garages. The site is near the Port of Los Angeles and a Kaiser Permanente hospital campus, with access to the 110 and 405 freeways connecting to Torrance, the South Bay, and Los Angeles employment centers. Zoning is LOR1.
The property occupies a 22,224-square-foot lot and includes 7,504 square feet of building area. Covered parking consists of six single garages and five double garages. The site is near the Port of Los Angeles and a Kaiser Permanente hospital campus, with access to the 110 and 405 freeways connecting to Torrance, the South Bay, and Los Angeles employment centers. Zoning is LOR1.
Key Highlights
- 8 apartment units: seven 2‑bedroom, 1.5‑bath units and one 3‑bedroom, 1.75‑bath unit
- 22,224‑square‑foot lot and 7,504 square feet of building area
- Six single garages and five double garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,745
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,414,900
$2.4M
Cap Rate 7%
$1,724,929
$1.7M
Cap Rate 9%
$1,341,611
$1.3M
Market Conditions
NOI Build-Up for 7,504 SF
Gross rent
$238.6K $31.80/SF
− Vacancy
−$19.1K −$2.54/SF
EGI
$219.5K $29.26/SF
− OpEx
−$98.8K −$13.17/SF
NOI
$120.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,414,900
Cap Rate 7%
$1,724,929
Cap Rate 9%
$1,341,611
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,745 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,233 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
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Business Placement
Demographics for 90717, CA
22,044
Population
8,199
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,022
Density / Sq Mi
$92,984
Median Household Income
$48,740
Median Earnings
$1,874
Median Rent
$793,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three vacant residences, extensive system upgrades, and garage parking shape this multifamily property.
Where is this apartment building located?
The property is located at 26377 Hillcrest Avenue Lomita, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 8 apartment units: seven 2‑bedroom, 1.5‑bath units and one 3‑bedroom, 1.75‑bath unit; 22,224‑square‑foot lot and 7,504 square feet of building area; Six single garages and five double garages
