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2016 248th Street
121 - Lomita Lomita 90717

$998,000
Residential Income built: 1925

Main Photo: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 1: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 2: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 3: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 4: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 5: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 6: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
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Photo 22: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 23: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 24: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 25: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 26: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 27: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 28: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 29: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 30: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 31: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Photo 32: 2016 248th Street in Lomita: Residential Income for sale (121 - Lomita)  : MLS®# SB26076442
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
SB26076442
Year Built:
1925
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, appliances, 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.
Property Sub Type:
Duplex
Property Attached:
Yes
Lot Area:
4,883 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1925 (Age: 101)
General Listing Location:
Lomita, 121 - Lomita
County Or Parish:
Los Angeles
Tenant Pays:
Cable TV, Electricity, Gas, Telephone
Common Interest:
None
Gross Income:
$49,200
Gross Scheduled Income:
$49,200
Net Operating Income:
$37,200
Rent Control:
No
Land Lease:
No
Insurance Expense:
$3,600
Operating Expense:
$12,000
Trash Expense:
$1,500
Tax Lot:
146
248th and Eshelman
Features Excluded:
Washers/Dryers
Number of Buildings:
1
# of Electric Meters:
2
# of Gas Meters:
2
# of Water Meters:
2
Community Features:
Curbs
Senior Community:
No
Laundry Features:
Inside
Pool Features:
None
Private Pool:
No
Lot Features:
Back Yard
Fireplace Features:
None
Levels:
One
Num Stories:
1
Entry Level:
1
Entry Location:
1
New Constr.:
No
Common Walls:
1 Common Wall
# Units:
2
Fireplace:
No
Water supply:
Public
Sewer:
Public Sewer
Garage Spaces:
0
Total Parking Spaces:
0
Special Listing Conditions:
Standard
Parcel Number:
7376021026
Zoning:
LOR1*
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Listed by Vista Sotheby’s International Realty
Data was last updated April 14, 2026 at 12:40 AM (UTC)