1913 240th, Lomita, California 90717, Lomita, 90717 - 3 bed, 2 bath
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Lomita, California 90717
This Value-Add Renovation Project is listed at $899,000, representing a strategic acquisition in a desirable Lomita neighborhood. While the list price sits above the $825,316 Fair Market Value, the property’s Functional Single-Story Layout and Generous 6,559 Sqft Lot offer substantial potential for forced appreciation through modernization. Currently holding a Condition Rating of 5, the 1,555 square foot interior serves as a blank canvas for a full rehab. Located within the Los Angeles Unified district, this asset is perfectly suited for Fix-and-Flip Investors or Contractors looking to capitalize on the South Bay's consistent residential demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1913 240th Subject | $899,000* List Price | 3 | 2 | 1,555 | $539 | - |
A 24628 Moon Sold | $918,000 | 3 | 1 | 1,412 | $650 | 0.9 mi |
B 24739 Pennsylvania Sold | $705,000 | 2 | 1 | 940 | $750 | 0.9 mi |
C 1715 245th Street Active | $1,050,000 List Price | 3 | 2 | 1,835 | $572 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 (62 years old) with no mention of recent renovations. The listing description 'well lived in' and 'canvas for updates' is standard industry terminology for a property with original, outdated kitchen/baths and systems that require a full rehab.
The 1,555 square foot floor plan offers a well-designed, single-level flow that is highly desirable for accessibility and provides a comfortable living environment for families or retirees.
Situated on a 6,559 square foot lot, the property features ample front and rear yard space, offering significant potential for outdoor entertaining, gardening, or future expansions.
Located in a desirable Lomita neighborhood, this property serves as an ideal canvas for renovation, allowing buyers to build equity by modernizing the home to their personal tastes.
Described as 'well lived in' and ready for its 'next chapter,' the home likely requires a substantial investment in updates and repairs to meet modern standards.
The property listing specifies no views, which may be a disadvantage compared to other homes in the South Bay area that offer city or hillside vistas.
Welcome to a wonderful opportunity in one of Lomita's desirable neighborhoods. This single story 3 bedroom, 2 bath home is set on a generous lot and offers an ideal blend of space, comfort and potential. This home features a functional, well designed layout with great natural flow, along with inviting front and rear yards that provide ample space for entertaining, gardening, or enjoying the pleasant weather. This property has suffered from deferred maintenance and the price reflects that. Immediate sweat equity! It's the perfect canvas for updates and personal touches. With some vision and care, this home can be beautiful transformed into something special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,555 | 1,412 | 55% |
| Lot Size | 6,559 | 5,726 | 69% |
| Price | $899.0K | $1.02M | 31% |
| Price per sq ft | $578 | $683 | 34% |
| Built year | 1962 | 1954 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 128 | 3% |
May 1, 2026
$899,000
Initial Listing
Jul 21, 1994
$215,000
Public Record