24324 Lomita Drive, Lomita, California 90717, Lomita, 90717 - bed, bath

ACTIVE$924,000
24324 Lomita Drive, Lomita, California 90717
0Bed
0Bath
1,446Sqft
6,342Lot
Year Built
1938
Close
-
List price
$924K
Original List price
$924K
Price/Sqft
$639
HOA
-
Days on market
-
Sold On
-
MLS number
SB25055702
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $924.0K(13th), sqft - 1446(13th), beds - undefined(50th), baths - undefined(50th).
Secluded triplex tucked away on a small street off of Lomita Blvd. The duplex has 1 bedroom each with laundry rooms. The single house is an ADU just remodeled with City of Lomita permits. Ideal opportunity for an owner occupy buyer with great financing opportunities. Duplex have great long time tenants. Friendly neighbors create a warm and comfortable atmosphere. This property comes with 3 enclosed garages and 7 additional parking spaces. This is an excellent opportunity in Lomita for an investor or an owner occupy buyer. The 3 garages are rented separately from the units, see income in listing.
Condition Rating
Fair
This triplex, built in 1938, presents a mixed condition. The Accessory Dwelling Unit (ADU) has been recently remodeled, featuring modern finishes, new wood-look laminate flooring, a contemporary bathroom with subway tile and a glass shower, and a relatively new refrigerator. This unit is in excellent condition. However, the other two duplex units are likely much older, consistent with the 1938 build year, and show signs of age on their exterior. No interior photos are provided for the duplex units, suggesting they have not undergone recent extensive renovations and would likely require significant updates to meet current standards. While the electrical meters appear updated, the overall property's age and the probable outdated condition of two out of three units lead to a 'Fair' assessment, indicating that while one unit is move-in ready and modern, the majority of the property requires substantial updates or repairs to bring it to a contemporary standard.
Pros & Cons
Pros
Income-Generating Triplex: This property is a triplex, explicitly categorized as 'Residential Income,' offering multiple income streams from three units and three separately rented garages, ideal for investors.
Remodeled ADU: The single house, an Accessory Dwelling Unit (ADU), has been recently remodeled with City of Lomita permits, enhancing its appeal and potential rental value.
Ample Parking: The property boasts significant parking capacity with 3 enclosed garages and 7 additional parking spaces, a valuable asset for a multi-unit residence.
Owner-Occupancy Potential: It presents an ideal opportunity for an owner-occupant buyer, allowing them to live in one unit while generating rental income from the others.
Established Tenancy: The duplex units benefit from great long-time tenants, suggesting stable rental income and potentially well-maintained units.
Cons
Age of Original Structures: Built in 1938, the original duplex units may require ongoing maintenance or updates beyond the recently remodeled ADU.
Limited Unit Size: The duplex units are described as 1 bedroom each, which might limit the tenant pool or rental income potential compared to properties with larger units.
Lack of Scenic View: The property explicitly states 'view: None,' which could be a disadvantage for buyers seeking scenic vistas in a California location.


























