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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,950,000

Est. payment - /mo

9 Beds

8 Baths

4,632 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,632 sqft

Price per Sqft $636

MLS Listing ID 26644917

Bedrooms 9

HOA Y/N No

Year Built 1942

Lot Size 0.345 Acres

Property Description

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 5.13% current cap rate and 13.40 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.

Location

State CA

County Los Angeles

Area 121 - Lomita

Interior

Interior Features Ceiling Fan(s)

Heating Combination, Wall Furnace, Zoned

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Parking Features Assigned

Total Parking Spaces 14

Building

Story 1

Entry Level One

Architectural Style Bungalow

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID UNAVAILABLE

Special Listing Condition Standard

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Listed by Noam Srolovitz Kape Property Management, Inc. #02069623

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1737 252nd ST Lomita, CA 90717