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25030 Cypress ST Lomita, CA 90717
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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21142071
Sold Date 08/30/21
HOA Y/N No
Year Built 1969
Lot Size 10,153 Sqft
Property Description
4 freestanding units on a large lot (+/-) 10,227 sqft. Each unit has its own address. Front-Rear addresses: (1): 25030, (2): 25030 ½, (3): 25032, (4): 25032 ½. Units 1 & 4 built in 1929. Units 2 & 3 built in 1969. There are two 2-car garages and two 1-car garages with roll-up/auto opening doors and laundry hook-ups. Additionally, there are 2 covered car ports for a total of 8 car parking...2 per unit. New concrete driveway front to back in 2009/2010.
Units 1,2,3 are 2-bedroom, 1-bath. Units 1 & 2 are well below market rents. Unit 3 was recently renovated and is closer to market rent. All have upside potential for the new owner! All tenants are Month-To-Month. Current monthly rents (1): $1600. (2): $1540. (3): $1995. (4): was $2100, currently being improved. Potential monthly rents (1): $1900/$2400 with renovation. (2): $1700/$2200 with renovation. (3): $2200. (4): $2600. Unit (4) is currently being improved and would be ideal for an owner occupant. It has received a new roof, is receiving new flooring & baseboards, electrical outlets & switches, and fresh paint throughout. It has laundry hook-ups in the kitchen and dual pane windows were installed several years ago. Beside the unit is a casita/bungalow with its own entrance/exit, a sink, disposal, countertop, cabinets, closet and ¾ bathroom…for a total of 3 bedrooms and 2 bathrooms. The casita/bungalow is perfect for guests, home office, playroom, parties, or storage. The large enclosed grassy back yard with auto-sprinklers is ideal for outdoor family enjoyment. There is potential to create parking for an RV, boat or additional cars.
Location
State CA
County Los Angeles
Area 121 - Lomita
Zoning LOR1*
Interior
Fireplace No
Laundry Inside, In Garage, See Remarks
Exterior
Parking Features Concrete, Covered, Door-Multi, Driveway, Garage, Shared Driveway, See Remarks
Garage Spaces 6.0
Carport Spaces 2
Garage Description 6.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7373011013
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard, Trust
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Bought with DeDe Hsu • Keller Williams Palos Verdes