With a freestanding 2-bedroom, 1.5 bathroom bungalow in the front, a freestanding 1-bedroom residence at the back, and two additional rental units on a lot measuring over 10,000 square feet, this property is a terrific opportunity for either an owner occupied or fully leased income investment. The property sits on a well maintained residential street, and the four units are spread across three structures for enhanced privacy and separation. The common areas include an expansive landscaped yard that spans between the front home and back unit, and a charming front yard with white picket fence at the street facing residence. There are four garages on site, plus additional driveway parking, and the four units are individually metered for gas and electricity. As reflected in the photos, one of the units has been extensively ungraded, and all units are well maintained. The property has had a stable and secure rental history, and is ready for the next generation of ownership.
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
10,066 sq. ft.935 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1927
(Age: 98)
General Listing Location:
Lomita, 121 - Lomita
County Or Parish:
Los Angeles
Tenant Pays:
Cable TV, Electricity, Gas
Common Interest:
None
Gross Income:
$77,160
Gross Scheduled Income:
$77,160
Net Operating Income:
$47,255
Rent Control:
No
Total Actual Rent:
$6,430
Association Fee:
$0
Land Lease:
No
Gardener expense:
1200.0
Insurance Expense:
$3,859
Maintenance Expense:
$1,500
Taxes expense:
16862.0
Operating Expense:
$29,905
Trash Expense:
$1,984
Water and Sewer Expense:
$4,500
Tax Lot:
24
South of Lomita Blvd between Woodward Ave and Oak St
Number of Buildings:
3
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
1
# Units Leased:
4
Community Features:
Curbs, Sidewalks
Senior Community:
No
Laundry Features:
Inside
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Back Yard, Front Yard, Landscaped
Num Stories:
1
Entry Level:
1
Entry Location:
Front
New Constr.:
No
Common Walls:
1 Common Wall
# Units:
4
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Road Frontage Type:
City Street
Road Surface Type:
Paved
Garage Spaces:
4
Uncovered Spaces:
3
Carport Spaces:
0
Total Parking Spaces:
7
Parking Features:
Driveway, Garage
Special Listing Conditions:
Standard
Parcel Number:
7376018017
Front standalone residence (2 bedrooms, 1.5 bathrooms)
Front standalone residence (2 bedrooms, 1.5 bathrooms)
Lot measuring 10,066 square feet.
Upgraded kitchen of south unit in center building.
Upgraded kitchen in south unit of center building.
Entry and kitchen of south unit of center building.
Upgraded kitchen of south unit in central building.
Upgraded interior of south unit in central building.
Bedroom in south unit of central building.
Photo 10 of 34
Upgraded bathroom in south unit of central building.