2016 248th Street , Lomita, California

Multi-Family for Sale in Lomita

2016 248th Street , Lomita, CA

  • CA$1,259,177
  • 2 BEDS
  • 2 BATHS
  • 4,883 sq.ft. Land
  • CA$1,259,177

Multi-Family for Sale in Lomita

2016 248th Street , Lomita, CA

  • CA$1,259,177
  • 2 BEDS
  • 2 BATHS
  • 4,883 sq.ft. Land
  • CA$1,259,177

Key Facts

  • MLS® #: SB26076442
  • Property ID: SIRC3271704
  • Original Price: USD 998,000
  • Property Type: Residential, Duplex
  • Lot Size: 4,883 sq.ft.
  • Year Built: 1925
  • Bedrooms: 2
  • Bathrooms: 2

Property Description

Upgraded duplex in a high-demand Lomita pocket with strong income and future upside. Originally built in 1927 and relocated from downtown Los Angeles during the construction of the 110 Freeway, the property carries a distinctive architectural profile paired with modern improvements. Both units have been updated with new flooring, all new appliances, new kitchens/ bathrooms and a new roof, reducing near-term capital expenditure. Each unit includes a private yard with mature fruit trees and additional value-add potential, including ADU feasibility (buyer to verify). Unit 1: 1bedroom plus tandem pass-through room with closet, suitable for a second bedroom or office; currently leased month-to-month at $2,900. Unit 2:1 bedroom; occupant is paying below-market rent and can vacate within 60 days after close of escrow, creating immediate repositioning opportunity. Both units feature defined living and dining areas along with washer/dryer hookups. The asset is straightforward to lease and aligns with current rental demand metrics in the submarket. Subject to inspection. Listing agent is a partial owner. Buyer to independently verify all information.

Listing Agents

  • Tiana Capper

    O. 3105032377

  • Gerard Bisignano

    C. 3109904727

    O. 3109904727

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Location

2016 248th Street , Lomita, California, 90717 United States

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Marketed By

Vista Sotheby's International Realty
16 Malaga Cove Plaza
Palos Verdes Estates, California, 90274
United States

3103750583

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