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$898,000

FOR SALE
Active

2016 248th Street

Lomita, CA

MLS# SB26185561

Duplex
1 day on marketNalren refreshed

Listing Agent

Gerard Bisignano

Listing Agent

Vista Sotheby’s International Realty

DRE #: 01116110

(310) 990-4727

Brokerage: Vista Sotheby’s International Realty

Tiana Capper

Co-Listing Agent

Vista Sotheby’s International Realty

DRE #: 01991771

Brokerage: Vista Sotheby’s International Realty

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1925

Year Built

4,883 sqft

Lot Size

N/A

Price/Sq Ft

0

Garage Spaces

N/A

HOA

Duplex

Property Type

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

Facts & Features

Interior

Fireplace
No
Laundry Features
In-Unit Laundry

Exterior

Private Pool
No
Lot Features
Back Yard

Building

Year Built
1925
Building Area Total
1,800
Levels
One
Stories Total
1

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
0
Parking Total
0

Sale history for 2016 248th Street

  • Sold $735,000 in January 2022 · MLS #SB21245504 · Source: CRMLS
  • Sold $735,000 in January 2022 · MLS #SB21245456 · Source: CRMLS

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