Unique income opportunity with FOUR REVENUE STREAMS and RECENT UPGRADES! Four units: built in 1921 single-family residence (2 BR/1 bath) AND built in 1980 two townhouses (2/1.5) and an apartment (2/1). Amazing location on a quiet street near the 110 and PCH. Equidistant from the water in three directions and the 405 in the other! Excellent privacy with window separation from neighbors. Newer laminated flooring throughout (except for retaining the hardwood floors in the single-family living room). Long list of major improvements include two new bathtubs with shower doors and tile walls, all three water heaters on the property, two dishwashers and one furnace. Plus-level elementary school and high school are less than a mile away. Great access to everything you need--shops, restaurants and an array of financial and medical facilities! There is truly great convenience here in an updated, multi-faceted package!
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
9,906 sq. ft.920 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1921
(Age: 104)
General Listing Location:
Lomita, 121 - Lomita
County Or Parish:
Los Angeles
Common Interest:
None
Gross Income:
$91,200
Gross Scheduled Income:
$91,200
Net Operating Income:
$69,951.17
Cap Rate %:
5.0
Rent Control:
No
Total Actual Rent:
$7,600
Association Fee:
$0
Land Lease:
No
Electric Expense:
$30
Fuel Expense:
$594
Insurance Expense:
$2,338.3
Taxes expense:
17437.0
Operating Expense:
$3,812
Trash Expense:
$0
Water and Sewer Expense:
$878.38
Tax Lot:
7
North of PCH, west of Western Ave in the heart of Lomita.