25317 Cypress Street, Lomita, CA 90717
Property · 2 recorded sales since 2014
Sold September 2015
Listing Agent: Brian Estes (DRE #01394559) · Listing Office: RE/MAX Commercial & Inv Realty · Contact: 310-802-2500 · Bought with: Kayoko Inoue · Seven Seas Investment, Inc. · MLS #SB15110759 · Source: CRMLS
About this property
Quite possibly THE BEST opportunity available in the South Bay. The subject property consists of 12 single story apartment units situated on a 19,000+ square foot lot. All units are single story offering fewer shared walls and which command a higher rent per square foot. The unit mix is mostly 2BR and consists of 8-2BR/1BA, 2-1BR/1BA and 2-Studios. There is an onsite laundry facility with owned washer/dryer that provides additional income. Please do not walk the property or under any circumstances talk to the tenants as they are unaware of the sale. Prime location in the non-rent controlled City of Lomita. The property is located on a quiet tree lined street surrounded by mostly single family homes. It is walking distance to Rolling Hills Plaza (Whole Foods, Trader Joe's, Rite Aid, 24 Hour Fitness, AMC Movie Theatre, etc). It is only 2 blocks from South Torrance and very close to the Rolling Hills Country Club. Priced at a 4.82% on in place income/expenses, with upside to 5.5%+CAP on conservative market rents.
Listing description from the September 2015 sale, as reported to CRMLS.
Sale history
