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Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23071776
Sold Date 09/18/23
HOA Y/N No
Year Built 1962
Lot Size 9,735 Sqft
Property Description
Wonderful opportunity to own a well maintained 5-unit mixed-use income property, centrally located in Lomita. This property has a mix of residential and commercial units. There are currently 2 office spaces with entrance off of Narbonne, 1 studio or office with side entry, 1 bedroom / 1 bathroom unit also with side entry, then in the back of the lot a 4 bedroom / 2 bathroom unit with no shared walls. There are a total of 9 parking spots on premises, including a 2-car garage for the 4 bedroom unit and 7 designated parking spots. Currently, the unit that could be a studio apartment or an office is vacant. The 4 bedroom unit has a stove, microwave hood, fridge, dishwasher, and washer/ dryer all included. You?ll also find recessed lighting, laminate floors, and a spacious private backyard with grass and mature fruit trees. The 1 bedroom has its own laundry hookups. The office spaces, units A & B, have their own 1/2 baths and laminate floors. The vacant studio/office has its own 3/4 bath and carpet floors. Commercial leases with 3 two year options remaining on offices offering stable income, 4 bedroom and 1 bedroom units on month-to-month. Huge upside potential. High walk score. Well maintained property, with metered electricity, 4 sub-meters, and low maintenance landscaping.
Location
State CA
County Los Angeles
Area 121 - Lomita
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Heating Central, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Laundry Room
Exterior
Carport Spaces 2
Total Parking Spaces 9
Building
Lot Description 0-1 Unit/Acre, Landscaped
Story 1
Water Public
Others
Tax ID 7375025020
Acceptable Financing Cash, Conventional, Contract, 1031 Exchange, Submit
Listing Terms Cash, Conventional, Contract, 1031 Exchange, Submit
Financing Other
Special Listing Condition Trust
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Bought with Poul Erik Norgaard • Compass