2016 248th StreetLomita, CA 90717

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.

Property Information

Property type

Residential

Sub-type

Duplex

Structure type

Duplex

Year built

1925

Stories

1

Living area

1,800 Sq Ft

Lot size

0.11 acres

Zoning

LOR1*

Days on market

80

MLS^® Listing#

SB26185589

Property Features

Cooling

None

Fireplace

None

Pool

None

Laundry

Inside

Lot features

Back Yard

Community

Curbs

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

7376021026

Directions

248th and Eshelman