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1929 - 1931 259th PL Lomita, CA 90717
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Key Details
Sold Price $1,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,894 sqft
Price per Sqft $372
MLS Listing ID 23281213
Sold Date 09/07/23
Bedrooms 9
HOA Y/N No
Year Built 1950
Lot Size 10,502 Sqft
Property Description
Highly Desirable Lomita Location - South of Pacific Coast Highway | Outstanding Unit Mix of 2-Bedroom & 3-Bedroom Units | Large 10,502-Square Foot Lot | Desirable Opportunity to Add Up to 2 ADUs (Accessory Dwelling Units) | Garage Parking | No Local Rent Control - Defaults to AB 1482 | Tremendous Value-Add Opportunity - Approximately 62% in Rental Upside | 7.51% Pro-Forma Cap Rate & 10.14 Pro-Forma GRM | Residential Asset - Perfect Owner-User Opportunity | Close Proximity to Rolling Hills Plaza, Torrance Crossroads, Palos Verdes, Rolling Hills Estates, Redondo Beach & the Pacific Ocean
Location
State CA
County Los Angeles
Area 121 - Lomita
Zoning LOR1*
Interior
Fireplace No
Exterior
Garage Carport, Garage
Garage Spaces 4.0
Carport Spaces 4
Garage Description 4.0
Total Parking Spaces 8
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 7553012021
Special Listing Condition Standard
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Bought with Jonathan Nikfarjam • Shield CRE, Inc.
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