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26377 Hillcrest Ave
Lomita, CA 90717 Lomita

$3,000,000 USD

Apartments For Sale • 7,504 SF

Property Details

Property Type Apartments
Total Building Size 7,504 SF
Lot Size 0.47 AC
Building Class C
Year Built 1971
Cap Rate 5.18 %
Zoning LOR1

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                The City of Lomita features no local rent stabilization ordinance, governed solely by statewide AB 1482.
                            
                                Large unit mix of (1) 3-Bed / 1.75 Bath and (7) 2-Bed / 1.5 Bath units featuring generously sized ?oor plans and clear upside on current rents.
                            
                                There are six single garages and five double garages at the rear of the property, creating an exceptional opportunity to add ADUs! (BTV)
                            
                                Individually metered for electricity, submetered for water, and master-metered gas. 
                            
                                Electrical and Plumbing systems have been updated, and there is onsite laundry available (leased).

Financial Summary (Actual)

Net Operating Income: $155,534 USD (2026)

Cap Rate:	5.18 %
Total Expenses:	$98,621 USD

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	20 min	-	11.2 mi
Los Angeles International	24 min	-	16.1 mi
John Wayne/Orange County	42 min	-	31.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	OneCarGarage
Included in Rent:	Yes

Joshua Cohen 310-480-2130 The Cohen Group

26377 Hillcrest Ave Lomita, CA 90717 Lomita