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Listed by: Michael Millea | Keller Williams Beach Cities
Sold Oct 08, 2021
$1,310,000
25626 Lucille Avenue, Lomita CA
-beds
-baths
3,396sq ft
$385/sq ft
59 days on rennie3 cumulative days on market
SB21186805MLS ®
Four separate Bungalow style units on a large lot. Very clean property that has been well maintained by owner. Each unit has its own private yard. Under $400/sq. ft. 44% rental upside. An astute investor, may want to consider converting the 1,900 sq. ft. 2 bedroom + 2 bath "owner's unit" into a 3 bedroom + 2 bath unit, which should be able to generate higher rent. At Market Rents 13.01 GRM and 5.32 % Cap Rate. Most of the units have very nice original wood flooring. Property is zoned commercial, so city indicated they would not allow the addition on an ADU. Buyer to confirm. Subject to California rent control rules.
property details
Residential IncomeProperty type | |||
10,911 ft²Lot area SF | |||
$0Taxes | |||
3,396 ft²Living area | |||
Rectangular LotFeatures included | |||
| Listed by | Keller Williams Beach Cities | ||
| rennie last checked | June 20, 2025 at 01:21pm | ||
| Last updated | February 17, 2025 at 09:41am | ||
| Cumulative days on market | 3 days | ||
| Closed Date | October 08, 2021 | ||
| Source | CRMLS |