2440 Chapman St, Lomita, CA 90717

THIS IS NOT A SHORT PAY, REPEAT, IT IS NOT S SHORT PAY! IT IS A FORECLOSURE BARGAIN AND IS BY FAR THE BEST PRICED HOME IN LOMITA. Built in 1986, this modern home offers almost 2800 sq ft of well-kept living area in a great residential area on the border of the Walteria area of Torrance. Features a split-level floorplan. Spacious living room with vaulted ceiling. Family room with fireplace. Formal dining room. Upgraded kitchen. Large master suite and much more. This home was recently foreclosed on and is still occupied by the former tenant. A 60 day notice was served on 12/30/08. At this price buyer would assume seller's position in eviction proceeding and agree to close with current occupant in possession. List price is at least $100,000 below market, check the comps. Previously listed at $749,000 as recently as November of 2008. Offers subject to inspection but occupant is not cooperative so inspections will be difficult.