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$3,000,000
17 Beds 9 Baths 26885519 MLS Active Status
The Cohen Group is pleased to present 26377 Hillcrest Avenue, an 8-unit apartment community situated on an oversized 22,224-square-foot lot in Lomita, California. This well-located asset offers investors a rare combination of immediate value-add upside, significant additional development potential, extensive capital improvements already in place, and a strong demand-driver location. The property's oversized 22,224-square-foot lot presents a potentially ADU opportunity, with preliminary indications suggesting a buyer may be able to add a significant number of additional units; potentially up to eight ADUs. The property is currently offered with three vacant units, providing a new owner an immediate opportunity to renovate and reposition these units to command top-of-market rents. The property features seven two-bedroom, one-and-a-half-bath units and one three-bedroom, one-and-three-quarter bath unit. Units are exceptionally spacious at nearly 1,000 square feet each, with two units offering private balconies and every unit including walk-in closets. Ownership has invested significantly in capital improvements throughout the property, including all-new windows, upgraded PEX plumbing throughout, updated electrical service with new subpanels, and tankless water heaters at every unit, substantially reducing near-term capex exposure for a new owner. The property is individually metered for electricity, with gas master-metered to the property. The water system operates on a submetering arrangement, with tenants billed directly based on their pro-rata usage, helping keep utility costs down. Parking is a standout feature of the offering, with six single garages and five double garages providing ample covered parking! The property is ideally positioned near major employment and lifestyle drivers, including close proximity to the Port of Los Angeles, one of the busiest container ports in the United States, as well as a large Kaiser Permanente hospital campus. The property also benefits from excellent freeway access, with both the 110 and 405 freeways just minutes away, connecting residents to Torrance, the greater South Bay, and Los Angeles employment centers.

26377 Hillcrest Avenue, Lomita

$749,999
3 Beds 3 Baths SB26115212 MLS Active Status
Palos Verdes adjacent in the desirable Lomita Pines community, this corner-unit, two-story townhouse feels more like a single-family home. This spacious remodeled residence features a bright, open floor plan with recessed lighting, designer ceramic flooring, and a beautifully refaced fireplace, all flowing seamlessly into the dining area and upgraded kitchen. The home also includes a new tankless water heater and a new forced-air heating system, adding modern efficiency and comfort throughout. The remodeled kitchen offers quartz countertops, stainless steel appliances, newer cabinetry, ample storage, and a pantry. The downstairs powder room has been completely remodeled with updated plumbing and electrical, along with a stylish designer vanity. Step from the living room through a double sliding doors into a generously sized private patio, perfect for outdoor entertaining and relaxing. All three bedrooms are located upstairs, including the primary suite. One secondary bedroom features its own private balcony. The home also includes a two-car garage with direct access. Enjoy resort-style living with 2 community pools, a clubhouse, and lush landscaped grounds, all within the highly sought-after Lomita Pines community.

1948 Rolling Vista Drive Unit 41, Lomita

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.