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25406 - 25408 Cypress ST Lomita, CA 90717
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Key Details
Sold Price $1,375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $358
MLS Listing ID 23281189
Sold Date 09/07/23
Bedrooms 8
HOA Y/N No
Year Built 1964
Lot Size 10,336 Sqft
Property Description
Highly Desirable Lomita Location - Just a Few Blocks from Rolling Hills Plaza | All 2-Bedroom/1.5-Bathroom Units | Large 10,335-Square Foot Lot | Desirable Opportunity to Add Up to 2 ADUs (Accessory Dwelling Units) | Total of 5 Garages | No Local Rent Control - Defaults to AB 1482 | Tremendous Value-Add Opportunity - Approximately 58% in Rental Upside | 7.65% Pro-Forma Cap Rate & 10.01 Pro-Forma GRM | Residential Asset - Perfect Owner-User Opportunity | Close Proximity to Torrance Crossroads, Palos Verdes, Rolling Hills Estates, Redondo Beach & the Pacific Ocean
Location
State CA
County Los Angeles
Area 121 - Lomita
Zoning LOR1*
Interior
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 5.0
Garage Description 5.0
Total Parking Spaces 5
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 7373012021
Special Listing Condition Standard
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Bought with Jonathan Nikfarjam • Shield CRE, Inc.