This Lomita Mixed Use property represents an incredible opportunity to own an Investment Property with substantial upside potential. Consisting of two APN's for a total Lot Size of 11,883 sq ft, there are 2 Residential units, 2 Commercial units and an extremely Large Parking Lot with 17 spaces that service the Commercial Units. The larger Commercial Unit includes an attached 2 car garage with direct access from Cayuga Ave (back street). This property would be an ideal fit for an owner-user (ie. contractor, plumber, tradesperson, service industry, etc) or find your own commercial/retail tenants for increased revenue. Located at Western Ave and 262nd St and less than 1/2 mile from the very busy intersection of PCH/Western, this location provides offers massive street visibility and exposure for any business. Please inquire with the Listing Agents re: Development Opportunities for this property. Parcels included for this sale: 7553-015-038 & 7553-015-041.
Property Sub Type:
Mixed Use
Lot Area:
11,883 sq. ft.1,104 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1957
(Age: 68)
General Listing Location:
Lomita, 121 - Lomita
County Or Parish:
Los Angeles
Common Interest:
None
Gross Scheduled Income:
$39,740
Net Operating Income:
$18,720
Land Lease:
No
Insurance Expense:
$4,261
Maintenance Expense:
$2,235
Operating Expense:
$21,020
Professional Management Expense:
$1,987
Supplies Expense:
$205
Water and Sewer Expense:
$1,682
Taxes:
$8,696 /
2024
North side of 262nd between Western Ave and Cayuga Ave
Number of Buildings:
2
Other Structures:
Living Quarters
# Units Leased:
2
Lease Considered:
No
Laundry Features:
None
Lot Features:
2-5 Units/Acre
Num Stories:
1
Entry Level:
1
Construction Materials:
Concrete, Stucco
Roof:
Asphalt, Flat
# Units:
7244
Heating:
Wall Furnace
Cooling:
None
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected