2016 248th St

2016 248th Street, Lomita, CA 90717

$998,000

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: 1bedroom 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.

Tiana Bisignano-Capper

Title
Sales Director | Realtor®

Phone Number
(310) 503-2377

Gerard Bisignano

Title
President | Founder

Phone Number
(310) 990-4727

DRE#
#01116110

Features & Amenities

Interior

Total Bedrooms 2

Total BathRooms 2

Exterior

StructureDuplex Home

Area & Lot

Status For Sale

Living Area 1,800 Sq.Ft.

Lot & Area 0.1121 Acres

MLS® ID SB26076442

Year Built 1925

Neighbourhood 90717

Financial

Sales & Price $998,000

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Contact Details

The Bisignano Group

PHONE

(310) 990-4727

EMAIL

GERARD@VISTASIR.COM

ADDRESS

16 MALAGA COVE PLAZA PALOS VERDES ESTATES, CA 90274

GERARD BISIGNANO | CA DRE# 01116110

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