Special opportunity to own this unique 4-unit property with 54% rental upside potential in the heart of Lomita - neighboring the prestigious Rollings Hills Estates and the coastal city of Torrance. First time on the market in 25+ years. Large two-bedroom units: 4,712 SF building (per assessor) situated on a 12,000+ SF lot. The well-maintained freestanding front house features a large front yard, a spacious light-filled living room, granite kitchen counters, and a shaded backyard area embellished with a beautiful Spanish tiled patio. The middle unit is situated over the parking garage endowed with a quaint front patio perfect for grilling, warm California outside dining, and gorgeous views of the friendly city of Lomita. The back duplex consists of twin side-by-side townhome style units - both units are 2 bedrooms and 1.5 baths equipped with picturesque backyards featuring a fruit tree, outdoor dining areas, and wooden fences lined with greenery. Ample parking includes 4 two-car garages and alley parking. All units have comfortable layouts; two of the units have no common walls providing each tenant private space. The property is individually metered for gas and electricity. The rear structures appear to be newer construction (buyer to verify). There is tremendous upside in rents and opportunity for the buyer to add value - a deal this good doesnt come to the market often. Property is being sold As-Is, with existing tenants. Buyer shall assume responsibility for any deferred maintenance.
Special opportunity to own this unique 4-unit property with 54% rental upside potential in the heart of Lomita - neighboring the prestigious Rollings Hills Estates and the coastal city of Torrance. First time on the market in 25+ years. Large two-bedroom units: 4,712 SF building (per assessor) situated on a 12,000+ SF lot. The well-maintained freestanding front house features a large front yard, a spacious light-filled living room, granite kitchen counters, and a shaded backyard area embellished with a beautiful Spanish tiled patio. The middle unit is situated over the parking garage endowed with a quaint front patio perfect for grilling, warm California outside dining, and gorgeous views of the friendly city of Lomita. The back duplex consists of twin side-by-side townhome style units - both units are 2 bedrooms and 1.5 baths equipped with picturesque backyards featuring a fruit tree, outdoor dining areas, and wooden fences lined with greenery. Ample parking includes 4 two-car garages and alley parking. All units have comfortable layouts; two of the units have no common walls providing each tenant private space. The property is individually metered for gas and electricity. The rear structures appear to be newer construction (buyer to verify). There is tremendous upside in rents and opportunity for the buyer to add value - a deal this good doesnt come to the market often. Property is being sold As-Is, with existing tenants. Buyer shall assume responsibility for any deferred maintenance.