Call For Offers, Due by Noon on 9/13/18. CBRE is proud to present the Cayuga Avenue Apartments. This five-unit property,constructed in 1964, contains one, three-bedroom/two-bath owners unit, and four,two-bedroom/one-bath units. The three-bedroom unit has an attached two-car garage, and the remaining four units utilize the five-plus carport spaces. The roof is hip/composite shake, and was replaced in 2009. Plumbing appears to be copper. Utilities are all-electric and separately metered. (Water and sewer is master-metered.) The property was under long-term ownership with rents approximately 20% below market. Two units are currently vacant and in move-in condition. (The current owner does not have any operating history of the property and all operating expenses listed are estimated. Buyer to independently verify all specifications and features of the property.)
Lomita, incorporated in 1964, is centrally located within the prosperous and thriving South Bay market. The Cayuga Avenue Apartments is located in the
preferred “Lomita Pines” area, south of Pacific Coast Highway, in the foothills of the Palos Verdes Peninsula. There is no rent control in Lomita.
