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1737 252nd St
For Sale $2,950,000 ($636.87 per Sq Ft)
$2,950,000 ($636.87 per Sq Ft)
- 7 Units
- 4,632 Sq Ft
- 15,019 Sq Ft
- Unknown Cap Rate
Description
We are pleased to present this turnkey (with upside) and easy-to-manage 7-unit classic bungalow community situated on a residential cul-de-sac street in the heart of Lomita. This asset comprises seven completely freestanding homes, including six 1-bedroom residences and one 3-bedroom, 2-bathroom "owner's unit." Listed at a 5.13% current cap rate and 13.40 current GRM. Each of the bungalows feel like single family homes, complete with private yards, in-unit laundry and plenty of interior space. Five of the seven bungalows have been renovated within the past ~12 months, including the impressive "owner's unit" a professionally designed ~1,200 square foot 3-bed, 2-bath home with a gorgeous chef's kitchen, open floorplan, private yard, master suite with a walk-in closet and elegant ensuite bathroom, private 1 car garage (plus extra parking), minisplit temperature control (AC), in-unit laundry, brand new luxury flooring and windows, and more. These units lease FAST due to their unique renter-friendly qualities. The property's grounds consist of gobs of off-street parking (14 spaces!) and a manicured courtyard with mature avocado trees. NO LOCAL RENT CONTROL - subject only to AB 1482.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,950,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,632 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1942 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | Unknown |
| MLS # | 26644917 |
| Property ID | 322551017 |
| Lot Sqft | 15,019 |
| Zoning | Unknown |
| Total Units | 7 |
| Days on Market | 12 |
| Original List Price | $2,950,000 |
| Date Updated | February 09, 2026 |
| Date Created | January 29, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $2,475 | $2,495 |
| Unit #2 | 1 | 1.00 | $2,396 | $2,495 |
| Unit #3 | 1 | 1.00 | $2,495 | $2,495 |
| Unit #4 | 3 | 2.00 | $3,850 | $3,850 |
| Unit #5 | 1 | 1.00 | $2,225 | $2,495 |
| Unit #6 | 1 | 1.00 | $2,400 | $2,495 |
| Unit #7 | 1 | 1.00 | $2,475 | $2,495 |
| Gross Income (Yr) | $ 220,093 |
| Operating Expenses | $ 62,302 |
| Net Income (Yr) | $ 151,189 |
| Cap Rate | 5.13% |
Listing Provided By
Noam Srolovitz an agent of Kape Property Management, Inc.. Lic #02069623
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Robert Crawford
REAL ESTATE AGENT