Right now all the listed MultiFamily DUPLEX income properties are in escrow. Currently, there are 7 MultiFamily income properties in escrow and 4 investment properties still active on the MLS. All 4 of the multifamily investment properties are Fourplexes. Click this live link to view the financials of these fourplexes.
Lomita is located in the South Bay region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and largercommercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Lomita.
Lomita’s population was 20,533 as of 2012. The estimated median household income in 2011 was $56,982 (it was $43,303 in 2000). This is just a hair lower than the California median which was $57,287 in 2011.
Lomita’s main industry is manufacturing, which comprises 17% of all industries in the city. There are two main commercial arteries of the city, Narbonne Ave and Pacific Coast Highway. Here one can find restaurants such as Thai Tiffany, Soho Thai Fusion Bar and Grill, Alfredo’s and many other Japanese, Mexican, and Seafood places. The city is borders Torrance to its west, which has many industries and big employers including Toyota, Honda, Robinson Helicopters, ExxonMobil and others.
The city also enjoys being close to a variety of conveniences. In neighboring Torrance, there is small general aviation airport called Zamperini Field, and the The Los Angeles International Airport (LAX) is only 14 miles away. The local hospital is Kaiser Permanente and there are also two major hospitals in Torrance: Torrance Memorial Medical Center and Little Company of Mary Hospital. Lomita is close to colleges as well, including the Los Angeles Harbor College about 2 miles in Wilmington with 2,812 full time enrolled students. It is also close to California State University Long Beach about 12 miles away with 26,754 full time enrolled students.
Lomita has many attractions, including the Lomita Railroad Museum, opened in 1966 as a small museum devoted to the steam engine period of Railroading. On display are a 1902 Baldwin Locomotive, a Southern Pacific tender, a 1910 Union Pacific caboose, and a Santa Fe caboose. The Museum also houses a full-size replica of a 1920s water tower that was constructed in 2000. The museum also incorporates a small public park, which accommodates a Union Pacific boxcar and a Union Oil tank car. Lomita is also close to the South Bay Galleria shopping center which also offers many retail and boutique shopping outlets including Macy’s, Kohl’s and Nordstrom, as well as a 16-screen AMC Theatres multiplex.
All of these features make Lomita a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and many renters. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
To view a blog I wrote on the MultiFamily Duplex Income Property Market in neighboring SAN PEDRO CALIFORNIA, click this live link!
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This information was gathered from www.lomita.com, city-data.com, and wikipedia
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