Bought with Angela Hu • Century 21 Union Realty
$1,300,000
$1,150,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
25930 Cypress Street Lomita, CA 90717
3,723 SqFt
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,723 sqft
Price per Sqft $349
MLS Listing ID CRPV25035443
Year Built 1970
Lot Size 5,751 Sqft
Property Sub-Type Triplex
Property Description
This three-unit building in Lomita represents an excellent investment opportunity. The property has been well-maintained and houses long-term tenants. Each unit features a townhouse-style layout with a spacious living room, kitchen, dining area, guest bathroom, large bedrooms, and a private two-car garage. Additionally, tenants have their own yard and have access to an on-site laundry room. These units boast ample closet space and are equipped with appliances, such as a dishwasher, stove, and microwave. There are no units situated above or below each townhouse unit, ensuring privacy. Located on a quiet cul-de-sac near Rolling Hills shopping center and less than four miles from the beach, this property benefits from a solid rental history and promises high potential returns, making it a sound investment. State rent control (for ex. Just Cause rules) applies. Gross Multiplier of 13.6 does not include laundry income. SELLERS HAVE NEVER OCCUPPIED THE PROPERTY. Realist says there are 4 bathrooms, so half baths probably are not permitted. Some expenses listed are estimates. Buyer to investigate the property to their satisfaction.
Location
State CA
County Los Angeles
Interior
Heating Electric, Fireplace(s)
Cooling No Air Conditioning
Flooring Laminate, Tile, Vinyl
Laundry Common Area, Dryer, Washer, Other
Exterior
View Other
Building
Lot Description Other, Back Yard, Front Yard
Water Public
Read Less
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