Lomita Income Property - Dec 2013

Lomita rental units statistics 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: