*PLEASE DO NOT DISTURB TENANTS. ALL UNITS OCCUPIED.
Shield Commercial Real Estate is proud to present this 2,113-square foot, three-unit property located at 2357 246th Place in Lomita, California. The asset is centrally located near all that Lomita and Torrance have to offer. It is a short commute from the Torrance Crossroads and Rolling Hills Plaza shopping centers. It is of walking distance to the many retail shops, office buildings, restaurants and grocery stores of Lomita Boulevard and Crenshaw Boulevard. It is also of close proximity to Palos Verdes and Torrance Beach. Bordered by Pacific Coast Highway and the 110 Freeway, the investment possesses immediate transit to the many neighboring employment centers such as Kaiser Permanente South Bay Medical Center, American Honda, Honeywell, the Stubhub Center, SpaceX, Northrop Grumman, Hollywood Park Tomorrow, Raytheon, the Los Angeles Airport and the new SoFi Stadium.
Situated on a 7,550-square foot lot, the offering boasts a unit mix of two two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit. The units are detached houses with no shared common walls. Each house contains a new roof, private washer/dryer, new gutters and down spouts. The front unit has a new hot water heater and has been fully remodeled with new doors, flooring, electrical, plumbing, insulation, drywall, windows, paint, cabinets, tub, toilet, ceiling fans, and closet doors. Both the front and middle houses have kitchens with new cabinets.
Furthermore, the rear unit has a new bathroom and water heater, and the middle unit has a new laundry room. The property contains new doors, windows, driveway, walkways, patios, and water-efficient landscaping. Given the residential nature of the offering, the owner is only liable for minimal utility expenses, thus providing for stronger than average stability in operations.
Perfect for an owner-user or an investor looking to hold long term, 2357 246th Place is a triplex located in the desirable Lomita rental market. The asset contains 18% in projected rental upside and has a 6.30% pro-forma cap rate and 11.77 pro-forma GRM. The property is a residential asset which qualifies for attractive interest rate financing.
