Listing Courtesy of:
Vista Sotheby???s International Realty
Agency Phone: 310-375-0583
Associate Name: Gerard Bisignano
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
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.
Listed By
Agency Name: Vista Sotheby???s International Realty
Agent Name: Gerard Bisignano
Agency Phone: 310-375-0583
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Estimated Payment
$ 2,260.48 per month $1,998.56 Principal & Interest $0.00 Property Tax (data not provided by mls) $261.92 Homeowner's Insurance
2016 248th Street | MLS# SB26185589
This multi-family property located at 2016 248th Street, Lomita, CA 90717 is currently listed for sale with an asking price of $898,000. 248th Street is located within the Los Angeles Unified school district. Search Lomita real estate on www.farrellsmyth.com today.