For more information regarding the value of a property, please contact us for a free consultation.
25626 Lucille AVE Lomita, CA 90717
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,310,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,396 sqft
Price per Sqft $385
MLS Listing ID SB21186805
Sold Date 10/08/21
HOA Y/N No
Year Built 1946
Lot Size 0.250 Acres
Acres 0.2505
Property Description
Four separate Bungalow style units on a large lot. Very clean property that has been well maintained by owner. Each unit has its own private yard. Under $400/sq. ft. 44% rental upside. An astute investor, may want to consider converting the 1,900 sq. ft. 2 bedroom + 2 bath "owner's unit" into a 3 bedroom + 2 bath unit, which should be able to generate higher rent. At Market Rents 13.01 GRM and 5.32 % Cap Rate. Most of the units have very nice original wood flooring. Property is zoned commercial, so city indicated they would not allow the addition on an ADU. Buyer to confirm. Subject to California rent control rules.
Location
State CA
County Los Angeles
Area 121 - Lomita
Zoning LOCG*
Rooms
Ensuite Laundry CommonArea, WasherHookup, GasDryerHookup
Interior
Interior Features AllBedroomsDown
Laundry Location CommonArea,WasherHookup,GasDryerHookup
Flooring Wood
Fireplace No
Laundry CommonArea, WasherHookup, GasDryerHookup
Exterior
Garage Assigned
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Sidewalks
Parking Type Assigned
Total Parking Spaces 5
Private Pool No
Building
Lot Description Lawn, RectangularLot, StreetLevel
Sewer PublicSewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7373008009
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing CashtoNewLoan
Special Listing Condition Standard
Read Less
Bought with Michael Millea • Keller Williams Beach Cities
GET MORE INFORMATION