About This Home
This 3-bedroom, 2-bathroom multi-family at 2016 248th Street in Lomita, CA is listed for $898,000 ($499 per sqft). Built in 1925, the home offers 1,800 sqft of living space on a 0.11 acres lot.
Key Features
- Built in 1925
- 0.11 acre lot
Property Details
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.
Monthly Cost Estimate
$4,803/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2016 248th Street
Lomita, CA 90717
Questions & Answers
This 3-bedroom, 2-bathroom multi-family at 2016 248th Street is listed at $898,000 ($499/sqft). The estimated monthly payment is $4,803 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1925, 0.11 acre lot.
This property is listed by Gerard Bisignano and can be reached at 3109904727.
