This Multifamily Property is no longer advertised on LoopNet.com.
1929 259th Pl
Lomita, CA 90717
1929-1931 259th Place · Multifamily Property For Sale · 4 Units
![1929 259th Pl, Lomita, CA for sale - Primary Photo - Image 1 of 1](https://images1.loopnet.com/i2/6Y9j83mXc_HnOP7GbXyEJAqGm9QlIJHYgGA58dUS9gc/110/1929-259th-Pl-Lomita-CA-Primary-Photo-1-Large.jpg)
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 | - |
LINKS
PROPERTY TAXES
Parcel Number | 7553-012-021 | Improvements Assessment | $450,000 |
Land Assessment | $1,000,000 | Total Assessment | $1,450,000 |
ZONING
Zoning Code | LOR1* |
Listing ID: 28763960
Date on Market: 6/15/2023
Last Updated:
Address: 1929 259th Pl, Lomita, CA 90717
The Multifamily Property at 1929 259th Pl, Lomita, CA 90717 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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