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$2,950,000
Est. payment /mo
9 Beds
8 Baths
4,632 SqFt
UPDATED:
12/05/2024 05:06 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,632 sqft
Price per Sqft $636
MLS Listing ID 24451579
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 4.71% current cap rate and 14.56 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
Zoning LOR1*
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
Garage Spaces 1.0
Garage Description 1.0
Total Parking Spaces 14
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7410016011
Special Listing Condition Standard
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Listed by Noam Srolovitz • Kape Property Management, Inc.
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