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Jim, Justin and Vickie, Sales Associate
SOLD
$1,450,000
Date 09/07/2023

1929 - 1931 259th Place
Lomita, CA 90717

Other
Residence
9
Beds
5
Baths
3,894
Sqft
0.2411
Lot Size
Listing Agent: Jonathan Nikfarjam CalDRE: 01856803 - Shield CRE, Inc.

Description for 1929 - 1931 259th Place Lomita, CA 90717

Highly Desirable Lomita Location - South of Pacific Coast Highway | Outstanding Unit Mix of 2-Bedroom & 3-Bedroom Units | Large 10,502-Square Foot Lot | Desirable Opportunity to Add Up to 2 ADUs (Accessory Dwelling Units) | Garage Parking | No Local Rent Control - Defaults to AB 1482 | 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 | Close Proximity to Rolling Hills Plaza, Torrance Crossroads, Palos Verdes, Rolling Hills Estates, Redondo Beach & the Pacific Ocean

Property Details

23281213
Other, 2 Story
9
Los Angeles
5
1950
0.2411 Acres
2
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Listing Agent: Jonathan Nikfarjam CalDRE: 01856803 - Shield CRE, Inc.
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Jim, Justin and Vickie Dean Stalter, Broker DRE# 00625377 - 30221 Golden Lantern Ste. A-B, Laguna Niguel, CA 92677 | Phone: (949) 464-8136 | Email: [email protected]

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