See Home Value
Lomita 90717 Lomita
2011 W 242nd Street
$1,536,822*
House - Off Market

2011 W 242nd Street

Lomita, CA 90717
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1232 Sqft
$1,372,000 - $1,676,000
Reference Base Price*
0.78%
Since Jun 1, 2023
National-US
Primary Model
Sold Jul 26, 2017
$800,000

About This Property

Located in the great city of Lomita, this 2 bedroom 1-1/2 bath home (1/2 bath located in garage) on a large corner lot with two street frontages, is perfect for a developer looking for their next project, or someone who is looking for a lot of space to store all their toys.  The owner began the lot split process, and currently has a completed survey and tentative parcel map to split the lot into three separate parcels, which would potentially allow you to build 3 houses, and 3 ADU's.  Some of the upgrades the owner has done to the house include central AC and Heat, dual glazed windows throughout, and a new 200 amp electric main panel upgrade.  A short walk to a lot of great restaurants, shops and parks, and centrally located, not far from the beach and freeways, truly add to the desirability of this property.  Owner is willing to provide up to 50% financing for a max 5 year term at a 5% interest rate in order to get the deal done.  Property is being sold for lot value only.

The manager has listed the unit size as 1232 square feet.
Unit Size
1,232Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$1,238
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1949

Price History

Date / Event Date Event Price
May 3, 2023 No longer available -
No longer available
Jan 12, 2023 In contract -
In contract
Oct 8, 2022 Relisted $1,524,999
Relisted
Sep 8, 2022 In contract -
In contract
Sep 5, 2022 Price Decreased $1,524,999
↓ $1 (0%)
Price Decreased
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 18,376
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 1,232
  • Building Area: 1,232
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 1,232
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 440
  • Land Acres: 0.422
  • Standard Land Use Code: Single family residential
  • Legal Description 1: *TR=440*S 144 FT(EX OF ST)OF LOT/SEC 20

Ownership

  • Current Owner : M & T CHRISTENSEN PROPERTIES LLC
  • Previous Owner : JONES MICHAEL H
  • Previous Owner 2: REAGAN JOHN R
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 670001

Zoning

  • Zoning: LOA1*

Geography

  • Assessors Map Reference: 73-D1
  • Subdivision Tract Number: 440
  • Parcel: 7374-018-044
  • Lot: 20
  • Municipality: SOUTH /HARBOR CITY SFR
  • Latitude: 33.8057
  • Longitude: -118.315

    Address

  • Full Address: 2011 242nd St
  • Address - House Number: 2011
  • Address - Street Name: 242nd
  • Address - Suffix Type: St
  • State: CA
  • City Name: Lomita
  • Carrier Code: C012
  • 4-Digit Zip Code: 1115
  • Zip Code: 90717

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,579
  • Tax Rate Code Area: 01-381

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 96
  • Final Value: 1,413,633
  • High Value: 1,509,409
  • Low Value: 1,317,857

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $886,111
  • Assessed Land Value: $721,805
  • Assessed Improvements Value: $164,306

    Sales

  • Current Sale Contract Date: Apr 25, 2017
  • Current Sale Recording Date: Jul 26, 2017
  • Current Sale Transaction ID: 1590224923
  • Current Sale Price: $800,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0837272

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS & MERCHANTS BANK OF LO
  • First Mortgage Transaction Date: Jul 26, 2017
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2032



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
4 Baths
2,332 ft²
$643/ft²
$1,500,000 Feb 20, 2023
-
-

About Lomita


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Frequently Asked Questions

When was property at 2011 242nd Street built and last sold?
The property at 2011 242nd Street was built in 1949 and last sold on Apr 25, 2017 for $800,000.
How much is this home worth?
The estimated value of the home located at 2011 242nd Street is $1,503,321.
What are some comparable homes to 2011 242nd Street?
Homes that are comparable to 2011 242nd Street include a house property at 23914 Walnut Street, located in Torrance, CA.

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