$998,000
2016 248th Street, Lomita CA 90717
Multi-Family (Duplex)
Property type
53 days
On market
$554
Price per sqft
0 cars
Garage
1925
Year built
4,883 sqft
Lot size
Open Houses
Overview
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, all new appliances, new kitchens/ bathrooms and...
Listing provided by: Tiana Capper DRE #01991771, Vista Sotheby’s International Realty, Gerard Bisignano DRE #01116110 310-990-4727, Vista Sotheby’s International Realty
Listing updated: Apr 14, 2026 at 01:18pm.
Last checked: Jun 4, 2026 at 10:01pm
Source: CRMLS #SB26076442
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,900 | $2,900 | $3,500 | Unfurnished |
| 1 | 1 | 1 | — | $1,200 | $1,200 | $2,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 2
Rent Control: No
Tenant Pays: Cable Tv, Electricity, Gas, Telephone
Financial Snapshot
Gross Rent Multiplier
20.3x
List Price / Annual Gross Rent
Cap Rate
3.73%
NOI / List Price
Gross Scheduled Income: $49,200
Operating Expense: $12,000
Net Operating Income: $37,200
Annual Operating Expenses
Insurance: $3,600
Trash: $1,500
Interior
Fireplace: None
Laundry: Inside
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: One Common Wall
Lot Features: Back Yard
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7376021026
Additional Parcels: No
Tax Lot: 146
Zoning: LOR1*
Community
Senior Community: No
Community Features: Curbs
Nearby Schools
Nearby schools around the 2016 248th Street, Lomita, CA 90717. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$798,400
Total Interest
$1,018,315
Total Payment
$1,816,715
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,236
per month
Property History for 2016 248th Street
Lomita Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90717.
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