Updated Duplex with Private
New
For Sale
$898,000
2016 248th Street, Lomita, CA 90717
Lomita, CA
Property Size1,800 SF
Lot Size0.11 Acres
Price / SF$498.89
Days on Market3
Property Features for 2016 248th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
LOR1*
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Living Room, Laundry Room, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Lot features
Back Yard
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
248th and Eshelman
Subdivision
121 - Lomita
Standard status
Active
APN
7376021026
Size
1,800 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Listing Agency:
Vista Sotheby's International Realty
(310) 375-0583
Listed By:
Gerard Bisignano · License #01116110
(310) 990-4727
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 26 at 5:06PM
MLS# SB26185589
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two residential units with defined living and dining areas, private yards, mature fruit trees, and washer/dryer hookups. Both residences have received new flooring, appliances, kitchens, bathrooms, and a roof. One unit includes a bedroom plus a tandem pass-through room with a closet that can serve as an office or additional sleeping area; the second unit is configured with one bedroom.
The property occupies 0.1121 acres in Lomita and includes approximately 1,800 square feet of building area. Public water and public sewer serve the site, which is zoned LOR1*. One residence is leased month-to-month, while the other occupant may vacate within 60 days after close of escrow, subject to the applicable terms and verification.
The property occupies 0.1121 acres in Lomita and includes approximately 1,800 square feet of building area. Public water and public sewer serve the site, which is zoned LOR1*. One residence is leased month-to-month, while the other occupant may vacate within 60 days after close of escrow, subject to the applicable terms and verification.
Key Highlights
- Two‑unit duplex with approximately 1,800 square feet of building area
- 0.1121‑acre lot in Lomita, CA
- Both units updated with flooring, appliances, kitchens, bathrooms, and a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,434
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$628,680
$628.7K
Cap Rate 7%
$449,057
$449.1K
Cap Rate 9%
$349,267
$349.3K
Market Conditions
NOI Build-Up for 1,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.6K $27.00/SF
− Vacancy
−$3.7K −$2.05/SF
EGI
$44.9K $24.95/SF
− OpEx
−$13.5K −$7.48/SF
NOI
$31.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$628,680
Cap Rate 7%
$449,057
Cap Rate 9%
$349,267
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$392.9K – $523.9K
NOI $31,434 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$413.8K
$362.0K – $482.7K
NOI $28,963 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$963.7K
$843.3K – $1.12M
NOI $67,460 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 90717, CA
22,044
Population
8,199
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,022
Density / Sq Mi
$92,984
Median Household Income
$48,740
Median Earnings
$1,874
Median Rent
$793,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature renovated kitchens and bathrooms, private outdoor areas, and washer/dryer hookups.
Where is this duplex located?
The property is located at 2016 248th Street Lomita, CA.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,800 square feet of building area; 0.1121‑acre lot in Lomita, CA; Both units updated with flooring, appliances, kitchens, bathrooms, and a new roof
