South Bay

Lomita rental units stats wrapping up 2013:

  • Available buildings: 8 Properties are for sale from $580,000 to $1,150,000.
  • Pending sales: 4 Buildings are in escrow priced from $549,000 to $999,000.
  • Lomita sales: 18 Buildings sold in 2013 from $350,000 to $2,725,000.  The average price was $708,000.  The average year built was 1945.

Lomita income property building types (2013 Sales):

  • Duplex – 61%
  • Triplex – 22%
  • Fourplex – 6%
  • 5-8 Units – 6%
  • 8+ Units – 5%

Total unit value sold in Lomita in 2013: $12,750,000

Average gross rent multiplier for Lomita 2013: 13.7

Lomita unit cap rate for 2013 at 75% net income: 5.48%

For more information on available Lomita units for sale, please give me a call or drop us an email.

– Josh Toering
(310) 525-9440

Lomita income property for sale:

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