Listing Agent: Gerard Bisignano      Broker/Office: Vista Sotheby’s International Realty
2016 248th Street Lomita CA 90717
$ 898,000
  3   |    2   |    1800 Sq Feet

Listing ID

#SB26185589

Status

Active

Property Type

Duplex

County

Los Angeles

Year Built

1925

Days on website

2

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.
Location
Financial Information
List Price:  $ 898000
Property Features
Community Features:  Curbs
High School District:  Los Angeles Unified
Laundry Features:  Inside
Levels:  One
Senior Community YN:  false
Structure Type:  Duplex
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  121 - Lomita
City:  Lomita
Listed By:   Gerard Bisignano   Vista Sotheby’s International Realty 
Co-listed by
Tiana Capper  
CA Lic#