Active
25719 Walnut Street
Lomita CA, 90717
$1,165,000
$394.38 per sqft
Active
2,954 sqft
Condo
Built in 1946
Listed by John Mociak with Avenue Realty Group 310-384-8692
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.
SB24039682
MLSⓇ ID
February 26, 2024
Listed
May 1, 2024
Updated
Map
25719 Walnut Street
Lomita CA, 90717
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.12 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
121 - Lomita
Taxes
$13,747
Tax Frequency
Annually
Days on Market
63
Garage
Yes
Garage Spaces
1
Parking Total
6
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LOCG*
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/30/2024 | Price Change | $1,165,000 -9% |
Listing Contact: 310-384-8692
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/1/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/1/2024 at 3:42 AM UTC