Property Description

We are pleased to present this amazing 2-unit opportunity located in prime Lomita. This property features 2 detached houses on a lot comprised of 1-2 Bed/1.5 bath house and 1-2 Bed/1 Bath house. This property is perfect for an owner/user or investor providing major rent upside of approximately 79% over the current rents. The Seller has done an exceptional job maintaining the condition while also adding value to the property including but not limited to major renovations and upgrades to the front house. The seller had also paid for plans to convert the front house into a 3 bed/2 bath along with converting the car port spaces into garages (but never started the project). Furthermore, there is very attractive assumable financing available at a 2.897% interest rate (subject to lender approval). A Buyer has an opportunity to take over the current financing at this low rate in a market where rates are far exceeding the current assumable rate. This asset located on Eshelman Ave, is right across the street from Alexander Fleming Middle School and just blocks away from St. Margaret Mary Catholic Church & Rolling Hills Plaza Shopping Center.