1719 247th Street, Lomita, California 90717, Lomita, 90717 - 3 bed, 2 bath
ACTIVE$850,000
1719 247th Street, Lomita, California 90717
3Beds
2Baths
1,321Sqft
7,245Lot
Price Vs. Estimate
The estimated value ($796,367.555) is $53,632.445 (6%) lower than the list price ($850,000). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable South Bay Location: Situated in a highly sought-after South Bay neighborhood, offering convenient access to beaches, amenities, and major freeways.
Top Cons:
Extensive Renovation Required: The property is presented as needing a 'personal touch' and renovation, indicating it is not move-in ready and will require substantial investment to update.
Compared to the nearby listings
Price:$850.0K vs avg $1.03M ($-178,500)26%
Size:1,321 sqft vs avg 1,719 sqft32%
Price/sqft:$643 vs avg $62456%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is explicitly marketed as a 'FIX & FLIP opportunity' and 'ready for your personal touch' and 'ready to renovate.' This indicates that the home requires substantial repairs and rehabilitation, rather than minor updates. The absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these key areas are in poor, original, or very outdated condition, necessitating a complete overhaul. The exterior also appears dated, consistent with a property of this age that has not undergone recent significant renovations.
Year Built
1950
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$643
HOA
-
Days on market
-
Sold On
-
MLS number
SB25236653
Home ConditionPoor
Features
Patio
View
About this home
** Delivered FULLY VACANT** Great FIX & FLIP opportunity to own in one of the South Bay’s most desirable neighborhoods! The property is a 3-bedroom, 2-bathroom home nestled on a large 7,245 sq ft lot in the heart of Lomita, just a short drive to the beach, shopping centers, restaurants, and award-winning hospitals, with easy access to freeways for commuting... The home itself offers a straightforward, functional floor plan ready for your personal touch. With its spacious backyard, there is excellent potential for an ADU or future expansion (buyer to verify with the city). This is an ideal opportunity for first-time buyers, investors, or anyone ready to renovate and create the home they’ve been envisioning.
Price History
Date
Event
Price
11/17/95
Sold
$181,500
Condition Rating
Poor
Built in 1950, this property is explicitly marketed as a 'FIX & FLIP opportunity' and 'ready for your personal touch' and 'ready to renovate.' This indicates that the home requires substantial repairs and rehabilitation, rather than minor updates. The absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these key areas are in poor, original, or very outdated condition, necessitating a complete overhaul. The exterior also appears dated, consistent with a property of this age that has not undergone recent significant renovations.
Pros & Cons
Pros
Desirable South Bay Location: Situated in a highly sought-after South Bay neighborhood, offering convenient access to beaches, amenities, and major freeways.
Significant Value-Add Potential: Explicitly positioned as a 'FIX & FLIP opportunity' and ideal for investors or buyers seeking to customize and increase value.
Generous Lot Size with Expansion Potential: A large 7,245 sq ft lot provides ample space for an ADU or future home expansion, subject to city verification.
Immediate Occupancy/Renovation: Delivered fully vacant, allowing for immediate move-in or commencement of renovation projects without tenant complications.
Solid Foundation for Renovation: Features a straightforward and functional floor plan, offering a practical canvas for modernization and personalization.
Cons
Extensive Renovation Required: The property is presented as needing a 'personal touch' and renovation, indicating it is not move-in ready and will require substantial investment to update.
Age of Property (1950): Built in 1950, the home likely has outdated systems and finishes, necessitating significant capital expenditure for modernization and potential infrastructure upgrades.
Potential for Overpricing Relative to Current Condition: The listing price appears to be slightly above the current estimated market value, which may impact immediate equity for buyers considering the required renovation costs.