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1929 - 1931 259th Place

Lomita, 90717

9 Bd
5 Ba
3,894 Sqft
10,502 Lot
$1,450,000 SOLD Price | Closed 9/7/23
Closed Status
20 Days on Market
Jun 15 First Day Active
$1,350,000 Start Price

Description

Highly Desirable Lomita Location - South of Pacific Coast Highway | Outstanding Unit Mix of 2-Bedroom & 3-Bedroom Units | Large 10,502-Square Foot Lot | Desirable Opportunity to Add Up to 2 ADUs (Accessory Dwelling Units) | Garage Parking | No Local Rent Control - Defaults to AB 1482 | Tremendous Value-Add Opportunity - Approximately 62% in Rental Upside | 7.51% Pro-Forma Cap Rate & 10.14 Pro-Forma GRM | Residential Asset - Perfect Owner-User Opportunity | Close Proximity to Rolling Hills Plaza, Torrance Crossroads, Palos Verdes, Rolling Hills Estates, Redondo Beach & the Pacific Ocean

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Property Details for 1929 - 1931 259th Place

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Jonathan Nikfarjam
Listing Brokered By
Shield CRE, Inc.
Type
Residential Income
Year Built
1950 (Estimated)
MLS Area
121 - Lomita

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
20 DOM
First Date Active
June 15th, 2023
Closing Date
September 7th, 2023
Sold Price
$1,450,000
Sold PPSF
$372
Orig. List Price
$1,350,000
MLS® #
23281213
APN
7553012021
Special
Standard

Home Interior Information

Bedrooms
9
Total Baths
5
Int. Sqft.
3,894

Exterior Information

Lot Size (sq. ft.)
10,502
Lot Size (acres)
0.24
Parking Spaces
8
Garage Spaces
4

Additional Information

Zoning
LOR1*
Buyer's Brokerage Fee
2.500

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
121 - Lomita
City/State
Lomita
Zip Code
90717
County
Los Angeles
# of Units
4
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Listing/Price History

1929 - 1931 259th Place, Lomita, (MLS® #23281213)

Date Details Price Change
Closed $1,450,000
Active Under Contract (from Active)
First Day Active $1,350,000
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Listing Summary

Quick Summary of 1929 - 1931 259th Place: This 9 Bedroom/5 Bathroom home in Lomita is priced at $1,350,000 ($347/PSF) . The 3,894 sqft. residence was originally built in 1950 and was listed on June 15th, 2023 at $1,350,000, showing 20 Days on Market currently. Contact Dave Fratello today for more information or to go see 1929 - 1931 259th Place.

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Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 7:55pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.