tomo logo

$2,950,000

Beds
9
sq ft
4,632

1737 252nd St, Lomita, CA 90717

1737 252nd St

Lomita, CA 90717

  • 25 days on market
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.

Details

Property type

Est. home value

$2,178,084

Lot size

0.3448 acres

Price per sq ft

$637

Year built

1942

HOA

No

Price History

10/10/2024
CLAW

CLAW #24451579

Listed
$2,950,000
05/03/2024
CLAW

CLAW #24369793

Removed
$2,950,000
03/18/2024
CLAW

CLAW #24369793

Listed
$2,950,000
+40.48%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

August 2022

Original loan amount

$1,025,000

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Commercial

Seller

Kershaw 252 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/05/2024 at 7:20 AM

Listing updated: 10/18/2024 at 5:20 AM

Listed by: Noam Srolovitz, Kape Property Management, Inc. Phone #: (310) 912-7808

MLS: CLAW #24451579

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