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$ 998,000
Est. payment /mo
Active
2016 248th Street Lomita, CA 90717
3 Beds
2 Baths
4,883 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26076442
Bedrooms 3
Lot Size 4,883 Sqft
Property Sub-Type Res Income 2-4 Units
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: 1 bedroom 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 248th and Eshelman
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7376021026
Virtual Tour https://view.spiro.media/order/68ae0e22-3c53-40fc-b3ac-2579218cf7c7
Listed by Tiana Capper, DRE#01991771 Vista Sotheby’s International Realty