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$998,000
2016 248th Street, Lomita, CA 90717
3Beds
2Baths
4Days Listed
About This Property
Upgraded duplex in a high-demand Lomita pocket with strong income and future upside. Originally built in 1927 and relocated from downtown Los Angeles during the construction of the 110 Freeway, the property carries a distinctive architectural profile paired with modern improvements. Both units have been updated with new flooring, appliances, and a new roof, reducing near-term capital expenditure. Each unit includes a private yard with mature fruit trees and additional value-add potential, including ADU feasibility (buyer to verify). Unit 1: 1 bedroom plus tandem pass-through room with closet, suitable for a second bedroom or office; currently leased month-to-month at $2,900. Unit 2: 1 bedroom; occupant is paying below-market rent and can vacate within 60 days after close of escrow, creating immediate repositioning opportunity. Both units feature defined living and dining areas along with washer/dryer hookups. The asset is straightforward to lease and aligns with current rental demand metrics in the submarket. Subject to inspection. Listing agent is a partial owner. Buyer to independently verify all information.
Virtual Tour
Property Location
Map
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 3
- Bathrooms
- 2
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 0
- Status
- Active
- Days on Market
- 4
- Cumulative Days on Market
- 1
- Original Price
- $998,000
Location & Neighborhood
What's nearby 2016 248th Street, Lomita, CA 90717
Nearby Schools
- Lomita Steam Magnet0.4 mi
elementary
- Alexander Fleming Middle School0.5 mi
elementary
Parks & Recreation
- Irene Lewis Park0.2 mi
park
- Lomita Park0.4 mi
park
Local Amenities
Dining
- Astro Karaoke0.3 mi
- NAM0.3 mi
Coffee & Cafes
- Corridor Flow0.3 mi
- Cara Mia0.4 mi
Pharmacy
- Walgreens0.5 mi
POI data updated 4/13/2026
Lomita Market Snapshot
29
Active Listings
$729K
Median Price
64
Avg Days on Market
Last updated: Apr 13, 2026
Listed by
Tiana Capper, Vista Sotheby’s International Realty · 310-503-2377
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
$998,000