Updated Duplex with Private
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 Market51
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
Bathroom 1, Bathroom 2, Bedroom 1, Laundry Room, Bedroom 2, Living Room, Bedroom 3
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
Amenities
private yard
washer/dryer hookups
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: Oct 13
Last Checked: Oct 13 at 9:06PM
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 / Yr
$31,434
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in West region
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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
