25907 Oak StLomita, CA 90717

This exceptional 23-unit apartment building in Lomita, California presents a compelling investment opportunity. The property, situated on a 0.95-acre lot, comprises eight two-story buildings totaling 23,312 square feet of net rentable space. Each unit is a two-bedroom townhome featuring a private patio, contributing to high tenant satisfaction. Ample parking is available with a combination of garage, carport, and surface spaces. On-site laundry facilities provide an additional revenue stream. The property boasts a strong current NOI of $442,865, with a pro-forma NOI projected at $582,735, reflecting a potential for increased profitability. The asking price is $8,800,000, representing a price per unit of $382,609 and a price per square foot of $377.49. Built in 1964, the property's location offers significant advantages. It's within one mile of Rolling Hills Plaza, a major retail center, and just over a mile from Ken Malloy Harbor Regional Park. Proximity to Los Angeles Harbor College further enhances its appeal. The property's location near major transportation arteries and employment hubs in the South Bay ensures consistent tenant demand. The potential to add an accessory dwelling unit (ADU) presents an additional avenue for revenue growth. This property offers a blend of strong current performance and significant upside potential. Drive-by only