$1,130,000
- Beds
- Unknown
- sq ft
- 2,954
25719 Walnut St, Lomita, CA 90717
25719 Walnut St
Lomita, CA 90717
- Sold On 8/17/2024
- Price drop $105,000↓
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.
Details
Property type
Apartment
Lot size
5,331 sq ft
Price per sq ft
$395
Year built
1946
Annual property taxes
$13,747
Price History
08/16/2024
CRMLS #SB24039682
Sold
$1,130,000
-3%
07/14/2024
CRMLS #SB24039682
Pending
$1,165,000
04/30/2024
CRMLS #SB24039682
Price change
$1,165,000
-8.27%
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Street Lights, Suburban, Sidewalks
Community features:
Street Lights, Suburban, Sidewalks
Status: Off Market
Tomo last checked: 10/04/2024 at 8:00 PM
Listing updated: 10/02/2024 at 4:42 PM
Listed by: John Mociak, Avenue Realty Group Phone #: (310) 872-0963
MLS: CRMLS #SB24039682
Recently listed in Lomita
$849,000|3 bd|2.0 ba|House
$219,900|2 bd|2.0 ba|Manufactured
$899,999|2 bd|2.0 ba|House
$999,000|3 bd|2.0 ba|House
$995,000|4 bd|2.5 ba|House
$395,000|2 bd|2.0 ba|Manufactured
$1,325,000|4 bd|2.0 ba|House
$935,000|3 bd|1.5 ba|House
$510,000|2 bd|2.0 ba|Condo
$815,000|2 bd|2.0 ba|House
Explore top cities in California