We are pleased to present this turnkey (with upside) and easy-to-manage 7-unit classic bungalow community situated on a residential cul-de-sac street in the heart of Lomita. This asset comprises seven completely freestanding homes, including six 1-bedroom residences and one 3-bedroom, 2-bathroom "owner's unit." Listed at a 4.71% current cap rate and 14.56 current GRM. Each of the bungalows feel like single family homes, complete with private yards, in-unit laundry and plenty of interior space. Five of the seven bungalows have been renovated within the past ~12 months, including the impressive "owner's unit" a professionally designed ~1,200 square foot 3-bed, 2-bath home with a gorgeous chef's kitchen, open floorplan, private yard, master suite with a walk-in closet and elegant ensuite bathroom, private 1 car garage (plus extra parking), minisplit temperature control (AC), in-unit laundry, brand new luxury flooring and windows, and more. These units lease FAST due to their unique renter-friendly qualities. The property's grounds consist of gobs of off-street parking (14 spaces!) and a manicured courtyard with mature avocado trees. NO LOCAL RENT CONTROL - subject only to AB 1482.
DAYS ON MARKET
|
46
|
LAST UPDATED
|
10/10/2024
|
YEAR BUILT
|
1942
|
COMMUNITY
|
Lomita
|
GARAGE SPACES
|
1.0
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
APPLIANCES |
Dishwasher, Disposal, Dryer, Refrigerator, Vented Exhaust Fan, Washer |
AREA |
Lomita |
GARAGE |
Assigned, Yes |
HEAT |
Combination, Wall Furnace, Zoned |
INTERIOR |
Ceiling Fan(s) |
LOT |
0.34 acre(s) |
PARKING |
Assigned |
STORIES |
1 |
ZONING |
LOR1* |
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Listed with Kape Property Management, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of 11/25/24 5:29 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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