Thank you
Noam Srolovitz
Kape Property Management, Inc.
310-912-7808
We are pleased to present this turnkey (with upside) and easy-to-manage 7-unit classic bungalow community situated on a residential cul-de-sac street in the heart of Lomita. This asset comprises seven completely freestanding homes, including six 1-bedroom residences and one 3-bedroom, 2-bathroom "owner's unit." Listed at a 4.6% current cap rate and 15 current GRM. Each of the bungalows feel like single family homes, complete with private yards, in-unit laundry and plenty of interior space. Five of the seven bungalows have been renovated within the past ~12 months, including the impressive "owner's unit" a professionally designed ~1,200 square foot 3-bed, 2-bath home with a gorgeous chef's kitchen, open floorplan, private yard, master suite with a walk-in closet and elegant ensuite bathroom, private 1 car garage (plus extra parking), minisplit temperature control (AC), in-unit laundry, brand new luxury flooring and windows, and more. These units lease FAST due to their unique renter-friendly qualities. The property's grounds consist of gobs of off-street parking (14 spaces!) and a manicured courtyard with mature avocado trees. NO LOCAL RENT CONTROL - subject only to AB 1482.
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Total Bedrooms : 9
Total Baths: 8
Full Baths: 0
Half Baths: 0
Interior Features: Ceiling Fan(s)
Property Appliances: Dishwasher,Disposal,Refrigerator,Vented Exhaust Fan,Dryer,Washer
Combination,Wall Furnace,Zoned
Has Heating
Year Built: 1942
Building Area Total: 4,632
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.3448
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 15019
Original List Price: 2,950,000
Listing Contract Date: 2024-03-18
Listing Agreement: Seller Reserved
Parcel Number: 7410016011
Garage Description: Assigned
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 121 - Lomita
Postal Code Plus 4: 1944
Directions: West of Western Ave, North of Pacific Coast
Zoning: LOR1*
Source Property Type: Residential Income
Area: 121 - Lomita
Property Age: 82
Common Walls: No Common Walls
Year Built Source: Vendor Enhanced
Total Square Feet Living: 4632
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2114 253rd Place, Lomita, CA,90717 | $750,000 | -- | -- | -- | 6910 Sqft |
2110 253rd Place, Lomita, CA,90717 | $855,000 | 3 | 2 | 2,150 | 6910 Sqft |
26366 Hillcrest Avenue, Lomita, CA,90717 | $679,900 | 2 | 1 | 820 | 7837 Sqft |
25367 Andreo Avenue, Lomita, CA,90717 | $1,950,000 | 7 | 5 | 3,030 | 8199 Sqft |
25907 Oak Street, Lomita, CA,90717 | $9,100,000 | -- | -- | 23,312 | 41382 Sqft |
2045 264th Street, Lomita, CA,90717 | $1,299,900 | 5 | 3 | 2,547 | 8076 Sqft |
25333 Oak Street, Lomita, CA,90717 | $825,000 | -- | -- | -- | 6910 Sqft |
25719 Walnut Street, Lomita, CA,90717 | $1,165,000 | -- | -- | 2,954 | 5331 Sqft |
26116 Regent Avenue, Lomita, CA,90717 | $795,000 | 2 | 1 | 832 | 3987 Sqft |
2081 261st Street, Lomita, CA,90717 | $768,000 | 3 | 1 | 1,418 | 5760 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 23:07
MLS: 24369793
LISTED BY: Noam Srolovitz, Kape Property Management, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.