The property consists of a 3 bedroom 2 bath house fronting Viana Avenue with a fourplex on the rear portion of the parcel. The property is well maintained with a landscaped front yard and parking for 6 cars onsite. There is a private patio, covered parking, and a common area laundry room. This pride of ownership property is located on a quiet cul-de-sac and stays rented with long term occupants year after year. This asset is South of Pacific Coast Highway adjacent to Rolling Hills Estates & Palos Verdes. Walking distance to shopping/employment. The property is separately metered for Gas & Electric and the units are above average in size compared to those in the city. There is significant upside in the rental income and NO RENT CONTROL IN LOMITA. Based on proforma rents the property is a 13.59 GRM and 5.19% CAP. Excellent investment or owner-occupied property.
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Data last updated: Wednesday, December 11, 2013 at 3:52 PM
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