• 25719 Walnut Street Lomita, CA 90717

  • $1,165,000
  • 0
    Bed(s)
  • 0
    Baths
  • 2,954
    Sq Ft
  • 5331
    Sqft
  • Listed By: John Mociak, Avenue Realty Group, DRE #01708711
  • Source: CRMLS

Major price revision, 5 unit apartment building in Lomita! Prime South Bay market where multifamily properties rarely become available. Well located just North of Pacific Coast Highway in-between Eshelman Avenue and Western Avenue. Wrap-around corner lot with highly sought after layout: (1) front detached house (950 s.f.) with (4) 1 bedroom/1 bath units in the rear (500 s.f. each). Features newer roofs and new individual water heaters for each unit. The house was taken down to the studs and updated/remodeled (2005). 1 of 4 apartment units have been rehabbed (2020). Apartment tenants receive a storage locker 5 x 7 included in their rent located in the parking area and there is an additional structure attached to the rear of the building generating additional monthly storage income. Steady day 1 cash flow + significant rental upside: 5.09% cap rate, 6.45% proforma.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Building Information

Year Built: 1946

Building Area Total: 2,954

Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1224

Lot Size Source: Assessor

Lot Size Square Feet: 5331

Listing Price Information

Original List Price: 1,165,000

Listing Contract Date: 2024-02-26

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 7375021005

Tax Year: 2024

Annual Tax: 13747

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 121 - Lomita

Postal Code Plus 4: 2627

Directions: Just North of PCH, in-between Eshelman and Western. The property is located on the wraparound residential corner of Bland Place and Walnut Street.

Zoning: LOCG*

Source Property Type: Residential Income

Area: 121 - Lomita

Property SubType: Apartment

Building and Construction

Property Age: 78

Common Walls: 1 Common Wall

Structure Type: Apartment

Year Built Source: Assessor

Entry Level: 2

Entry Location: 3

Property Attached: Yes

Levels or Stories: One,Two

Building Total Stories: 1

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ByOwner last updated this listing 05/02/2024 @ 13:15

MLS: SB24039682
LISTED BY: John Mociak, Avenue Realty Group
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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