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$ 998,000
Est. payment /mo
Active
2016 248th ST Lomita, CA 90717
4,883 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26076442
HOA Y/N No
Year Built 1925
Lot Size 4,883 Sqft
Property Sub-Type Duplex
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.
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
Area 121 - Lomita
Zoning LOR1*
Interior
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Curbs
Private Pool No
Building
Lot Description Back Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7376021026
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://view.spiro.media/order/68ae0e22-3c53-40fc-b3ac-2579218cf7c7?branding=false
Listed by Tiana Capper Vista Sotheby’s International Realty 310-503-2377, DRE #01991771