We are pleased to present this turnkey (with upside) and easy to manage 7 unit classic bungalow community situated on a residential cul de sac street in the heart of Lomita. This asset comprises seven completely freestanding homes, including six 1 bedroom residences and one 3 bedroom, 2 bathroom "owner's unit." Listed at a 4.71% current cap rate and 14.56 current GRM. Each of the bungalows feel like single family homes, complete with private yards, in unit laundry and plenty of interior space. Five of the seven bungalows have been renovated within the past ~12 months, including the impressive "owner's unit" a professionally designed ~1,200 square foot 3 bed, 2 bath home with a gorgeous chef's kitchen, open floorplan, private yard, master suite with a walk in closet and elegant ensuite bathroom, private 1 car garage (plus extra parking), minisplit temperature control (AC), in unit laundry, brand new luxury flooring and windows, and more. These units lease FAST due to their unique renter friendly qualities. The property's grounds consist of gobs of off street parking (14 spaces!) and a manicured courtyard with mature avocado trees. NO LOCAL RENT CONTROL subject only to AB 1482.