Substantial upside in rents. No rent control. The building contains 2 one bedroom/one bath units and 15 two-bedroom, one-bath units. Each unit has its own washer and dryer hook-ups. Unit #16 was originally permitted and constructed as a 3 bedroom/two-bath unit. Over forty years ago, this unit was converted without permit to a 2 bedroom/1 bath unit and 1 bedroom/1 bath unit. The owner pays utilities for these two units. Owner also pays utilities for unit#8 due to sharing the same meter for the common area laundry room. There is no rent control in Lomita.Two units were recently renovated with faux wood vinyl flooring, 6-panel doors, stacked washer/dryer, stainless steel sink, new pedestal sink, shower doors, tub surround and fixtures in bathroom. Asking rent is $1,395 and $1,425.Newer roof; galvanized plumbing; Common area laundry (leased); 23 on-site parking spaces; washer/dryer hook-ups in units, separate water heaters; gas wall heaters.