Description

8 Unit 1 Level Building with 7x Studios and 1x 2Bed/1Bath Units. The 3802 sqft building is on a low maintenance 10525 sqft lot. The property is located at a highly convenient Lomita location that is walking distance to Shops, Restaurants, and Shopping Plazas that's along PCH and Western- thus making it very ideal location for tenants of all ages who values the walking convenience to places. The building itself has individual meter for electricity and gas and individual shut off for each unit already (possible to install individual water meter* buyer to verify). Each of the unit does need some TLC but there is no issue with any electrical, plumbing, and framing. The property has a very low maintenance required since it is a no thrill property- no garden/no grass, it is mostly cemented public area. There is no carport nor garage; each tenant simply has parking outside their unit (with additional space for guest parking as well). All units are very basic and has very little that requires maintenance. This building has always been privately managed by owner, there has been many long term tenants with great upside potential to rent. This is the ideal income property who is looking for a low maintenance property with good cash flow that's in the Torrance, Rolling Hills, Palos Verdes, and Redondo Beach area.

Features

• 0.24 Acres
• 1 Story