1732 246th Street, Lomita, California 90717, Lomita, 90717 - 3 bed, 2 bath
1732 246th Street
Lomita, California 90717
Property Price
SUMMARY
Analysis of 1732 246th Street, Lomita, California 90717 reveals a Prime Investment Opportunity with a current list price of $969,000—significantly undercutting the $1,003,759 Fair Market Value by 3%. This valuation gap indicates a +$34,759 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lomita Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1732 246th Street Subject | $969,000* List Price | 3 | 2 | 1,428 | $703 | - |
A 24628 Moon Sold | $918,000 | 3 | 1 | 1,412 | $650 | 0.8 mi |
B 24709 Woodward Avenue Sold | $970,000 | 3 | 2 | 1,497 | $648 | 0.6 mi |
C 1713 W 247th Place Sold | $1,199,000 | 3 | 3 | 1,939 | $618 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property was completely remodeled in 2019, featuring a modern gourmet kitchen with quartz countertops, stainless steel appliances, and WPC flooring throughout. It includes updated systems such as a tankless water heater, air conditioning, and double-pane windows. While the quality is high and move-in ready, the renovation occurred approximately 7 years ago, placing it within the 5-to-15-year window for the 'good' category rather than the 'excellent' category's 5-year threshold.
PROSSTRENGTHS & OPPORTUNITIES
- Modern 2019 Remodel
The home was completely renovated in 2019, featuring a gourmet kitchen with quartz countertops, self-closing cabinetry, and high-quality WPC flooring throughout.
- ADU Potential
The generous 6,332 square foot lot includes a large, private backyard with ample space to add an Accessory Dwelling Unit (ADU), providing excellent value-add potential.
- Upgraded Infrastructure
Key mechanical upgrades include a tankless water heater, a full air conditioning system, and double-pane windows, ensuring modern comfort and energy efficiency.
CONSRISKS & DEFICIENCIES
- Garage Laundry
The laundry facilities are located in the garage rather than an interior dedicated room, which may be seen as a convenience drawback for some buyers.
- Lack of Views
The property does not offer any significant views, which can be a competitive disadvantage in the South Bay real estate market.
- Pricing Volatility
The listing has undergone multiple price reductions from its original $1.028M ask, which may suggest initial overpricing or market hesitation regarding its valuation.
About 1732 246th Street
Welcome to 1732 246th Street, a well-located Lomita residence offering comfort, convenience, and strong South Bay appeal. Situated on a quite residential street, this property provides an excellent opportunity and investment .Completely remodeled in 2019 , home features a functional layout with inviting living spaces, abundant natural light, and seamless flow for both daily living and entertaining. Large living with spacious bedrooms. Upgraded gourmet kitchen features self-closing cabinets , quartz countertop, custom design backsplash, recessed lighting and stainless steel appliances. WPC flooring throughout. Hallway bathroom has been remodeled w/vanity Double pane windows and bathtub. laundry area in the garage. Primary suite has direct access to the private large back yard (Plenty room for ADU, buyer to verify with city) Great back yard offers plenty of room for kids to play and entertaining. Tankless water heather and does have air conditioning system, Sprinklers in the front and backyard !
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,332 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,428 | 1,556 | 43% |
| Lot Size | 6,332 | 6,126 | 57% |
| Price | $969.0K | $1.03M | 37% |
| Price per sq ft | $679 | $631 | 63% |
| Built year | 1950 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 159 | 3% |
Pricing History
Listed for Sale
Feb 28, 2026
$969,000
$959,000
+1% Price Increase
Initial Listing
Price Change
Feb 14, 2026
$959,000
$999,900
-4% Price Drop
Initial Listing
Price Change
Feb 5, 2026
$999,900
$1,028,000
-3% Price Drop
Initial Listing
Price Change
Feb 1, 2026
$1,028,000
Initial Listing
Sold
Nov 21, 2019
$795,000
Public Record
Sold
Feb 1, 2019
$560,000
Public Record
Sold
Jun 24, 1998
$255,000
Public Record