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1929 259th Pl
Lomita, CA 90717

1929-1931 259th Place · Multifamily Property For Sale · 4 Units

INVESTMENT HIGHLIGHTS

  • Highly Desirable Lomita Location – South of Pacific Coast Highway | Outstanding Unit Mix of 2-Bedroom & 3-Bedroom Units
  • Tremendous Value-Add Opportunity – Approximately 62% in Rental Upside | 7.51% Pro-Forma Cap Rate & 10.14 Pro-Forma GRM
  • Residential Asset - Perfect Owner-User Opportunity
  • Large 10,502-Square Foot Lot | Desirable Opportunity to Add Up to 2 ADUs (Accessory Dwelling Units)
  • No Local Rent Control – Defaults to AB 1482 | Garage Parking
  • Close Proximity to Rolling Hills Plaza, Torrance Crossroads, Palos Verdes, Rolling Hills Estates, Redondo Beach & the Pacific Ocean

PROPERTY FACTS

No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.24 AC
Building Size 3,894 SF
Average Occupancy 100%
No. Stories 2
Year Built 1950
Parking Ratio 2.05/1,000 SF

UNIT AMENITIES

  • Yard

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 1 $1,975 -
2+1.5 2 $1,625 -
2+1 1 $1,630 -

PROPERTY TAXES

ZONING

Zoning Code LOR1*
  • Listing ID: 28763960

  • Date on Market: 6/15/2023

  • Last Updated:

  • Address: 1929 259th Pl, Lomita, CA 90717