25030 Cypress ST Lomita, CA 90717

4 freestanding units on a large lot (+/-) 10,227 sqft. Each unit has its own address. Front-Rear addresses: (1): 25030, (2): 25030 ½, (3): 25032, (4): 25032 ½. Units 1 & 4 built in 1929. Units 2 & 3 built in 1969. There are two 2-car garages and two 1-car garages with roll-up/auto opening doors and laundry hook-ups. Additionally, there are 2 covered car ports for a total of 8 car parking...2 per unit. New concrete driveway front to back in 2009/2010.
Units 1,2,3 are 2-bedroom, 1-bath. Units 1 & 2 are well below market rents. Unit 3 was recently renovated and is closer to market rent. All have upside potential for the new owner! All tenants are Month-To-Month. Current monthly rents (1): $1600. (2): $1540. (3): $1995. (4): was $2100, currently being improved. Potential monthly rents (1): $1900/$2400 with renovation. (2): $1700/$2200 with renovation. (3): $2200. (4): $2600. Unit (4) is currently being improved and would be ideal for an owner occupant. It has received a new roof, is receiving new flooring & baseboards, electrical outlets & switches, and fresh paint throughout. It has laundry hook-ups in the kitchen and dual pane windows were installed several years ago. Beside the unit is a casita/bungalow with its own entrance/exit, a sink, disposal, countertop, cabinets, closet and ¾ bathroom…for a total of 3 bedrooms and 2 bathrooms. The casita/bungalow is perfect for guests, home office, playroom, parties, or storage. The large enclosed grassy back yard with auto-sprinklers is ideal for outdoor family enjoyment. There is potential to create parking for an RV, boat or additional cars.