About 2016 248th Street
Upgraded duplex in a high-demand Lomita pocket with strong income and future upside. Originally built in 1927 and relocated from downtown Los Angeles during the construction of the 110 Freeway, the property carries a distinctive architectural profile paired with modern improvements. Both units have been updated with new flooring, all new appliances, new kitchens/ bathrooms and a new roof, reducing near-term capital expenditure. Each unit includes a private yard with mature fruit trees and additional value-add potential, including ADU feasibility (buyer to verify). Unit 1: 1 bedroom plus tandem pass-through room with closet, suitable for a second bedroom or office; currently leased month-to-month at $2,900. Unit 2: 1 bedroom; occupant is paying below-market rent and can vacate within 60 days after close of escrow, creating immediate repositioning opportunity. Both units feature defined living and dining areas along with washer/dryer hookups. The asset is straightforward to lease and aligns with current rental demand metrics in the submarket. Subject to inspection. Listing agent is a partial owner. Buyer to independently verify all information.
Features of 2016 248th Street
| MLS® # | SB26185561 |
|---|---|
| Price | $898,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Lot Size | 4,883 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
| # Of Units | 2 |
Community Information
| Address | 2016 248th Street |
|---|---|
| Area | 121 - Lomita |
| City | Lomita |
| County | Los Angeles |
| Zip Code | 90717 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | Back Yard |
|---|
Additional Information
| Date Listed | August 24th, 2026 |
|---|---|
| Days on Market | 21 |
| Zoning | LOR1* |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Gerard Bisignano |
|---|---|
| Office | Vista Sotheby’s International Realty |