2016 248th Street

  • $998,000
Lomita, California

Overview

  • Residential
  • Property Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 0
  • Garage
  • 1800
  • Sqft
  • 693091
  • Property ID

Description

Upgraded duplex in a high-demand Lomita pocket with strong income and future upside. Originally built in 1927 and relocated from downtown Los Angeles during the construction of the 110 Freeway, the property carries a distinctive architectural profile paired with modern improvements. Both units have been updated with new flooring, all new appliances, new kitchens/ bathrooms and a new roof, reducing near-term capital expenditure. Each unit includes a private yard with mature fruit trees and additional value-add potential, including ADU feasibility (buyer to verify). Unit 1: 1 bedroom plus tandem pass-through room with closet, suitable for a second bedroom or office; currently leased month-to-month at $2,900. Unit 2: 1 bedroom; occupant is paying below-market rent and can vacate within 60 days after close of escrow, creating immediate repositioning opportunity. Both units feature defined living and dining areas along with washer/dryer hookups. The asset is straightforward to lease and aligns with current rental demand metrics in the submarket. Subject to inspection. Listing agent is a partial owner. Buyer to independently verify all information.

Details

Updated on April 23, 2026 at 10:17 pm
Listed by Tiana Capper, Vista Sotheby’s International Realty
  • Property ID: 693091
  • Price: $998,000
  • Property Size: 1800 Sqft
  • Land Area: 4883 Square Feet
  • Bedrooms: 3
  • Bathrooms: 2
  • Garage: 0
  • Year Built: 1925
  • Property Type: Residential
  • Property Status: Active

Features

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