$1,450,000
$1,350,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
1929 259th Pl Lomita, CA 90717
9 Beds
5 Baths
3,894 SqFt
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,894 sqft
Price per Sqft $372
MLS Listing ID 23-281213
Sold Date 09/07/23
Bedrooms 9
Year Built 1950
Annual Tax Amount $16,875
Lot Size 10,502 Sqft
Acres 0.2411
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 Lomita
Zoning LOR1*
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Garage Carport, Garage
Garage Spaces 8.0
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Shield CRE, Inc.
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Broker | License ID: DRE#01976964