Keller Williams Palos Verdes - John Morris
1/34
Listed By: Lyon Stahl Investment Real Estate, Inc., Ryan Versfelt
Local Realty Services Provided By: Keller Williams South Bay
Overview
What It'll Cost
Neighborhood
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$1,450,000
2453 253rd Street, Lomita, CA 90717
1,620 sq ft
.3 ac
$1,450,000

2453 253rd Street, Lomita, CA 90717

Estimation provided by Keller Williams Realty Inc.
1,620 sq ft
.3 ac
Active
For Sale
Open House:
Sat 3/22 12:00 PM - 2:00 PM (Local time)
See More Open House Schedules

Property Description

Two Detached Homes on a Single Lot. Situated on one of the largest lots you will find in this horse stable-compatible section of Lomita, nearly double the size of most lots in the area, this property offers incredible possibilities. Whether you're looking to build horse stables, park RVs, construct a third private home, or create your own private outdoor haven, this expansive lot provides the perfect canvas to bring your vision to life. This beautifully updated duplex, originally built in 1955, includes two detached homes, a garage, and ample parking, making it ideal for family living, rental income, or investment. The front house is a remodeled 3-bedroom, 2-bath unit with an attached granny suite, and is in the process of being vacant for new owners. The rear house is a renovated 3-bedroom, 1-bath home, offering additional living space and income potential. Recent upgrades reflect the pride of ownership and include a new roof, fresh exterior paint, new windows, and a concrete driveway. The property sits on a generous 13,056 sqft lot with room for expansion, including the potential to add a detached ADU (Accessory Dwelling Unit). Currently, the property generates $780/month in income from month-to-month parking leases, providing an immediate income stream. Located on a quiet residential street, the property is conveniently close to Costco, Sam’s Club, Vons, Home Depot, In-N-Out, and South End Racquet Club, offering a variety of amenities and easy accessibility. Additionally, there is no local rent control under AB-1482, providing flexibility for rental income. Whether you're seeking multi-generational living, rental income, or a value-add investment opportunity, this property offers outstanding potential in a highly desirable area.

Property Details

Compare This Home
Overview
Property Type
Apartment
Property Size
1,620 sq ft
Year Built
1955
Days on Site
3 Days
HVAC
Central, Central Air
Parking
2 Parking Spaces
John Morris Real Estate
Keller Williams Palos Verdes
01382377

Activity History

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Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Sat 3/22 12:00 PM - 2:00 PM (Local time)

Estimated Monthly Payment

Purchase Price: $1,450,000
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This calculator is just an estimate. Contact Keller Williams for full and accurate assessment.

Price & Tax History

Date
Event
Price
03/18/2025
Listed
$1,450,000
(+145.76%)
02/20/2013
Sold
$590,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$9,094
(+5.01%)
$698,319
Land 552,859 + Additions 145,460
2022
$8,660
(+1.09%)
$671,204
Land 531,392 + Additions 139,812
2021
$8,566
(+3.24%)
$671,204
Land 531,392 + Additions 139,812
2019
$8,297
(+4.12%)
$664,323
Land 525,944 + Additions 138,379
2017
$7,969
$638,528
Land 505,522 + Additions 133,006
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
John Morris Real Estate
Keller Williams Palos Verdes
01382377

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