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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.
Property Type(s):
Residential Income
| Last Updated | 10/10/2024 | Year Built | 1942 |
|---|---|---|---|
| Community | Lomita | Garage Spaces | 1.0 |
| County | Los Angeles |
Additional Details
| 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* |
Location
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Listed with Kape Property Management, Inc.
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