2016 248th Street

Property 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 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.

Home Details

Property type: Residential - Duplex
Year built: 1925
Living area: 1,800 sq ft
Lot size: 4,883 sq ft
Stories: 1
Days on market: 37
Cumulative days on market: 149
Full bathrooms: 2
MLS status: Active
Zoning: LOR1*

Features & Amenities

Pool

None

Lot

Back Yard

Community, Schools & Utilities

Community

View: None

Schools

School district: Los Angeles Unified

Utilities

Cooling: None
Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Lomita, CA 90717

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Frequently Asked Questions About 2016 248th Street

Property type: Residential

The current asking price is $898,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2016 248th Street. Our team will confirm availability and timing.

This 3 bedrooms and 2 bathrooms property offers approximately 1,800 square feet of living space. It was built in 1925. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Lomita, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Lomita property.

The MLS currently reports the property as Active. It has been listed for 37 days. Status can change, so verify availability before relying on it.

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