25406 - 25408 Cypress Street, Lomita, CA 90717
Property
Sold September 2023
Listing Agent: Jonathan Nikfarjam (DRE #01856803) · Listing Office: Shield CRE, Inc. · Contact: 310-593-9869 · Bought with: Jonathan Nikfarjam · Shield CRE, Inc. · MLS #23281189 · Source: CRMLS
About this property
Highly Desirable Lomita Location - Just a Few Blocks from Rolling Hills Plaza | All 2-Bedroom/1.5-Bathroom Units | Large 10,335-Square Foot Lot | Desirable Opportunity to Add Up to 2 ADUs (Accessory Dwelling Units) | Total of 5 Garages | No Local Rent Control - Defaults to AB 1482 | Tremendous Value-Add Opportunity - Approximately 58% in Rental Upside | 7.65% Pro-Forma Cap Rate & 10.01 Pro-Forma GRM | Residential Asset - Perfect Owner-User Opportunity | Close Proximity to 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