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Multifamily

Capri Apartments

1615 W Lomita Blvd, Los Angeles, CA 90710

Listing Price: $2,475,000

Cap Rate
5.25%
Number of Units
14
GRM
11.17
Occupancy
100.0%
Price/Unit
$176,786
Price/Gross SF
$233.05
Gross SF
10,620

Investment Overview

The Weir Group is pleased to present our newest exclusive offering at 1615 W Lomita Blvd, a value-add multifamily opportunity in Harbor City. Hitting the market for the first time in 44 years, this property offers investors an exceptional combination of low basis on both price-per-unit and price-per-foot, with significant room to unlock upside. The asset features a diverse unit mix of studios, 1-bedrooms, 2-bedrooms, and 3-bedrooms, catering to a wide tenant demographic. With an estimated 60% upside in rents, this property is ideal for investors seeking to reposition a well-located building with strong fundamentals and long-term appreciation potential. Don’t miss this rare chance to acquire a stabilized asset with built-in value and upside. For more information, please reach out.

Investment Highlights

  • Value-Add (Estimated 60% Upside)
  • Low Basis on Both PPU and PPFT
  • First Time Being Sold in 44 Years
  • Diverse Mix of Studios, 1's, 2's, and 3's

Exclusively Listed By

Multifamily

Capri Apartments

Listing Price: $2,475,000

Cap Rate
5.25%
Number of Units
14
GRM
11.17
Occupancy
100.0%
Price/Unit
$176,786
Price/Gross SF
$233.05
Gross SF
10,620

Investment Highlights

  • Value-Add (Estimated 60% Upside)
  • Low Basis on Both PPU and PPFT
  • First Time Being Sold in 44 Years
  • Diverse Mix of Studios, 1's, 2's, and 3's

Investment Overview

The Weir Group is pleased to present our newest exclusive offering at 1615 W Lomita Blvd, a value-add multifamily opportunity in Harbor City. Hitting the market for the first time in 44 years, this property offers investors an exceptional combination of low basis on both price-per-unit and price-per-foot, with significant room to unlock upside. The asset features a diverse unit mix of studios, 1-bedrooms, 2-bedrooms, and 3-bedrooms, catering to a wide tenant demographic. With an estimated 60% upside in rents, this property is ideal for investors seeking to reposition a well-located building with strong fundamentals and long-term appreciation potential. Don’t miss this rare chance to acquire a stabilized asset with built-in value and upside. For more information, please reach out.

Exclusively Listed By

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