1929 - 1931 259th Place, Lomita, CA 90717

About this property

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

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$1,450,000

Sold September 2023 · listed $1,350,000, on market June 2023 · MLS #23281213 · Source: CRMLS

Listing Agent: Jonathan Nikfarjam · Listing Office: Shield CRE, Inc. · Contact: 310-593-9869 · Bought with: Jonathan Nikfarjam · Shield CRE, Inc.

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