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1852 260th St 2 Unit Apartment Building $1,050,000 ($525,000/Unit) 3.94% Cap Rate Lomita, CA 90717
INVESTMENT HIGHLIGHTS
- Two freestanding homes on an oversized lot
- Both units are vacant
- Large lot with direct ally access
EXECUTIVE SUMMARY
Completely Vacant Duplex! Don’t miss this rare find: a fully vacant duplex featuring two freestanding homes on an oversized lot in one of Lomita’s most desirable neighborhoods. Move right in, rent out both, or maximize income potential. This property is ready for your vision. The front home offers 2 bedrooms and 1 bath with generous living space, while the rear unit features 1 bedroom and 1 bath, perfect for rental income, extended family, or a private guest retreat. Each home comes with its own 1-car garage and private outdoor space, giving tenants (or owners) privacy and convenience. With separately metered utilities, detached layouts, and an expansive lot, options abound: add an ADU, expand existing structures, or create a lush backyard retreat (buyer to verify). Tucked away in peaceful Lomita Pines yet just minutes from shopping, dining, and freeway access, this duplex is the definition of flexible living. Whether you’re an investor looking for strong returns or a homeowner ready to live in one and rent the other, this property checks all the boxes. Vacant, versatile, and full of potential. This Lomita gem will not last!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$57,450
|
$54.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,450
|
$54.10
|
| Taxes |
-
|
-
|
| Operating Expenses |
$16,215
|
$15.27
|
| Total Expenses |
$16,215
|
$15.27
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $57,450 |
| Annual Per SF | $54.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,450 |
| Annual Per SF | $54.10 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $16,215 |
| Annual Per SF | $15.27 |
| Total Expenses | |
|---|---|
| Annual | $16,215 |
| Annual Per SF | $15.27 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $525,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 1,062 SF |
| Cap Rate | 3.94% | Average Occupancy | 0% |
| Gross Rent Multiplier | 18.2 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 0.94/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LOR1* - One-Family Residential | ||
| Price | $1,050,000 |
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| Cap Rate | 3.94% |
| Gross Rent Multiplier | 18.2 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 1,062 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | LOR1* - One-Family Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
- Yard
- Family Room
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,800 | - |
| 1+1 | 1 | $1,995 | - |
1 1
Walk Score®
Very Walkable (84)
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1852 260th St
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