1826 257th, Lomita, California 90717, Lomita, 90717 - 5 bed, 3 bath
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Lomita, California 90717
This Value-Add Duplex Asset represents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well below the $1,150,000 Fair Market Value by 13%. This valuation gap offers $151,000 in Instant Equity for buyers. While currently holding a Condition Rating of 5, the property features three detached garages with ADU Conversion Potential on a generous 7,620 sqft lot. Delivered vacant for immediate market-rate positioning, this short-sale opportunity is ideal for Buy-and-Hold Investors or Owner-Occupants looking to maximize density and ROI in the South Bay.
Property is extensive renovation needed.
Built in 1923, this property is being sold 'as-is' with explicit mention of deferred maintenance and a rear unit that is 'ready for renovation.' While the front unit has moderate upgrades, the overall condition of this century-old duplex requires substantial rehabilitation of major systems and interiors to meet modern living standards, typical of a value-add investor opportunity.
The property features three large detached garages on a generous 7,620 sqft lot, providing a significant opportunity to create a third income-producing unit and maximize the property's density.
Both units are delivered vacant, allowing an investor to immediately set market-rate rents or an owner-occupant to move in without the complications of tenant relocation.
The rear 3-bedroom unit is primed for renovation, offering a clear path for forced appreciation and increased equity through strategic interior improvements.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 1584. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The transaction is a potential short sale subject to lender approval, which often involves extended closing timelines and a higher risk of the deal falling through.
Sold in 'as-is' condition and built in 1923, the property likely requires substantial capital expenditure for repairs and modernization of aging structural systems.
Rare Duplex with ADU Potential in Prime Lomita Location! Exceptional opportunity for investors and owner-users alike! This duplex offers immediate flexibility with strong upside potential. Front unit features a moderately upgraded 1-bedroom, 1-bath layout that can be divided back to 2 bedroom while the rear unit is a spacious 3-bedroom, 2-bath ready for renovation and value-add improvements. Situated on a generous lot, the property includes three large detached garages—ideal for potential ADU conversion (buyer to verify), creating the opportunity for a third income-producing unit. With both units delivered vacant, buyers can set market rents from day one or occupy one unit while generating income from the other. Located in a desirable South Bay neighborhood near shopping, dining, and major transportation corridors, this property is perfectly positioned for long-term appreciation and rental demand. Highlights: • duplex – immediate income potential • 2BR/1BA + 3BR/2BA unit mix • Three large garages with ADU potential • Value-add opportunity with upside in rear unit • Ideal for investors or owner-occupants • Prime Lomita location This is a Potential short sale – subject to lender approval. Property sold as-is. Don’t miss this unique opportunity to unlock the full potential of this versatile property!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 83% |
| Baths | 3.0 | 0.0 | 83% |
| Square foot | 1,800 | 1,912 | 50% |
| Lot Size | 7,620 | 6,790.5 | 50% |
| Price | $999.0K | $1.01M | 50% |
| Price per sq ft | $555 | $531 | 50% |
| Built year | 1923 | 1935 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 236 | 17% |
Apr 8, 2026
$999,000
$1,150,000
-13% Price Drop
Initial Listing
Mar 30, 2026
$1,150,000
Initial Listing