1736 254th St, Lomita, CA 90717

1736 254th St, Lomita, CA 90717

Lomita, CA

Property Description

$50K PRICE REDUCTION! Lyon | Stahl is pleased to present this charming duplex in Lomita. Located between South Torrance and Rolling Hills, the property is less than three miles from the Port of Long Beach. Situated on a 5,125 SF lot, each unit is its own freestanding structure. Built in 1928, the front house consists of 3 bedrooms and 2 bathrooms with a total living area of 1,142 SF. The back unit was built in 1960 and consists of 2 bedrooms and 1 bathroom with a total living area of 608 SF. Each unit is individually metered for gas and electricity. There are 2 allocated parking spaces per unit, for a total of 4 on-site spaces. The front unit features a 2-car covered carport, and the back unit uncovered. Each unit has recently been fully updated with hardwood flooring, stainless steel appliances, new cabinetry, countertops, and various other updates, The front house features a sunroom and has a beautiful gravel side yard with bountiful fruit trees, such as orange, plums, figs and more. The front house has an attached tool-shed and both units feature external storage units. The 2-bedroom unit brings in $1,550/month and the 3-Bedroom unit will be DELIVERED VACANT! This turnkey property is an excellent opportunity for an owner-user and an investor alike. Do not miss out on this opportunity!

<strong>Investment Highlights:</strong>

● Desirable Unit Mix: (1) 3-Bed/2-Bath Front House &amp; (1) 2-Bed/1-Bath Unit
● Two separate structures totaling 1,750 SF situated on a 5,125 SF Lot
● Located less than 10 minutes from the Port of Long Beach.
● Both units fully updated with hardwood floors, stainless steel appliances, etc.
● The 3-bedroom front house will be delivered vacant!


Property Features

  • Sale Price: $765,000
  • Area Size: 1,750 SF
  • Land Area: 5,125 SF
  • Year Built: 1960
  • Closing Date: 3/12/19
  • Units: 2
  • Current GRM: 16.65
  • Current Cap Rate: 4.11%
  • Price Per Unit: $424,500
  • Current NOI: $34,915

Lyon Stahl Investment Real Estate

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