Bought with Angela Hu
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25930 Cypress ST Lomita, CA 90717
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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPV25035443
Sold Date 03/19/25
Style Contemporary
Year Built 1970
Lot Size 5,751 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
This three-unit building in Lomita represents an excellent investment opportunity. The property has been well-maintained and houses long-term tenants. Each unit features a townhouse-style layout with a spacious living room, kitchen, dining area, guest bathroom, large bedrooms, and a private two-car garage. Additionally, tenants have their own yard and have access to an on-site laundry room. These units boast ample closet space and are equipped with appliances, such as a dishwasher, stove, and microwave. There are no units situated above or below each townhouse unit, ensuring privacy. Located on a quiet cul-de-sac near Rolling Hills shopping center and less than four miles from the beach, this property benefits from a solid rental history and promises high potential returns, making it a sound investment. State rent control (for ex. Just Cause rules) applies. Gross Multiplier of 13.6 does not include laundry income. SELLERS HAVE NEVER OCCUPPIED THE PROPERTY. Realist says there are 4 bathrooms, so half baths probably are not permitted. Some expenses listed are estimates. Buyer to investigate the property to their satisfaction.
Location
State CA
County Los Angeles
Area 121 - Lomita
Rooms
Kitchen Dishwasher, Microwave, Other, Pantry, Oven Range - Electric, Oven Range
Interior
Heating Electric, Fireplace
Cooling None
Flooring Laminate
Laundry Laundry Area, Washer, Dryer, 9
Exterior
Parking Features Storage - RV, Assigned Spaces, Private / Exclusive, Other
Garage Spaces 12.0
Pool 31, None
View Local/Neighborhood
Roof Type Flat / Low Pitch,Rolled Composition
Building
Foundation Raised, Combination, Concrete Slab
Water Hot Water, District - Public
Architectural Style Contemporary
Others
Tax ID 7553003038
Special Listing Condition Not Applicable
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