Lomita, CA 90717,1929 259th Place

$1,450,000

$1,350,000

7.4%
Est.Price: ?

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Est. payment /mo

9 Beds

3,894 SqFt


SOLD DATE : 09/07/2023

Key Details

Sold Price $1,450,000

Property Type Single Family Home

Sub Type OTHER

Listing Status Sold

Purchase Type For Sale

Square Footage 3,894 sqft

Price per Sqft $372

MLS Listing ID CL23281213

Sold Date 09/07/23

Bedrooms 9

HOA Y/N No

Year Built 1950

Lot Size 10,502 Sqft

Acres 0.24

Property Sub-Type OTHER

Property Description

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

Location

State CA

County Los Angeles

Zoning LOR1

Interior

Fireplace No

Exterior

Total Parking Spaces 8

Building

New Construction No

Others

Tax ID 7553012021

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Bridge MLS
Listed by Jonathan Nikfarjam • Shield CRE, Inc.
Bought with JonathanNikfarjam

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Roland Osage
Roland Osage

Agent | License ID: 02055089

+1(925) 206-9799

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