1737 252nd Street

Lomita, CA 90717

$2,950,000
Price
9
Beds
8
Baths
4,632 Sq. Ft.
$637 / Sq. Ft.
4,632
Sq. Ft.
$637
per Sq. Ft.

Description

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 4.6% current cap rate and 15 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...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 4.6% current cap rate and 15 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.
  1. Listed by Noam Srolovitz • DRE #02069623 • Brokerage DRE #02069623 • Kape Property Management, Inc.
  2. Listed by Benjamin Lester • DRE #02033314 • Brokerage DRE #02069623 • Kape Property Management, Inc.

Property Details for 1737 252nd Street

Zoning
LOR1*
Parcel Number
7410016011
Total Units
7.0
Living Area
4632
Source Living Area
Plans
Area
Lomita (121)
Vacancy Rate
0
Lot Size Area
15019

Location

Listing Courtesy of Kape Property Management, Inc., Noam Srolovitz, DRE #02069623; Kape Property Management, Inc., Benjamin Lester, DRE #02033314
Add your commute
LISTING UPDATED: 03/26/2024 12:01 AM

Property Details for 1737 252nd Street

StatusActive
MLS #24-369793
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.34 AC / 15,019 SF
CountyLos Angeles County

Location

Listing Courtesy of Kape Property Management, Inc., Noam Srolovitz, DRE #02069623; Kape Property Management, Inc., Benjamin Lester, DRE #02033314
Add your commute

Building Information for 1737 252nd Street

Stories1Residences-Year Built1942Building Size-Lot Size0.34 AC / 15,019 SF

Payment Calculator

$18,368 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,099

Property Taxes

$2,269

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1737 252nd Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
  • Management Company Name: Kape Property Management
  • Management Company Phone: 3109127808|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 7
  • Type Of Units: Bungalows
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $198,840
  • Net Operating Income: $135,379.00
  • Gross Income: $198,840
  • Cap Rate: 4.59%
  • Gross Rent Multiplier: $15.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 57501
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.3448
  • Lot Size Square Feet: 15019
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 14
  • Open Other Spaces Total: 15
  • Garage Spaces Total: 1
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning, Multi/Zone
  • Heating: Zoned, Combination, Wall Furnace
  • Heating Type: Zoned, Combination, Wall, Wall Gas, Other
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Ceiling Fan, Freezer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Ice Maker, Refrigerator, Washer, Vented Exhaust Fan, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,161.00
  • Unit Actual Rent: $12,970.00
  • Unit Projected Rent: $13,620.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,100,000.00
  • Assessed Improvement Percent: 52.38
  • Assessed Land Value: $1,000,000.00
  • Assessed Land Percent: 47.62
  • Assessed Total Value: $2,100,000.00

Property History for 1737 252nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1737 252nd Street

Taxable ValueLand$1,000,000Additions$1,100,000Total$2,100,000
Tax Record2023$27,227 ($2,269 / month)
Home Facts
Total Finished SqFt3,432 SqFtAbove Grade Finished SqFt3,432 SqFtLot Size15,016 SqFtStyleMulti-Family Res (5+ Units)Year Built1942ZoningLOR1*CountyLOS ANGELESAPN7410-016-011

Schools near 1737 252nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Harbor City Elementary School
PublicK to 5

Nathaniel Narbonne Senior High School
Public9 to 12

George S. Patton Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1737 252nd Street is a multi-family home for sale in Lomita, CA 90717. This property was listed for sale on March 18, 2024 by Kape Property Management, Inc., it's currently listed at $2,950,000. It has been on the market for a total of 41 days and was last sold on September 1, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Harbor City Elementary School, William J. Johnston Community Day School and Nathaniel Narbonne Senior High School. 1737 252nd Street is a 9-bed, 8-bath, 4,632 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kape Property Management, Inc., Noam Srolovitz, DRE #02069623; Kape Property Management, Inc., Benjamin Lester, DRE #02033314

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.