25719 Walnut Street
Lomita, CA 90717
- – beds
- – baths
- – sqft
- 5,331 sqft lot
- 1946 build
- – on site
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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.
Listed By CRMLS_CA / John Mociak / Avenue Realty Group
Last checked:
Checking…
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Last updated Jan 26, 2025
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MLS# SB24039682 —
The Building
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Year Built:1946
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:2954.00
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Building Area Units:Square Feet
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Total Number Of Units:5
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# of Buildings:2
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Stories Total:2
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Entry Level:2
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Common Walls:1 Common Wall
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Levels:One, Two
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Entry Location:3
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Laundry:None
Location
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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.
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LOCG*
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Lot Features:0-1 Unit/Acre
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Lot Size Area:5331.0000
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Lot Size Acres:0.1224
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Lot Size SqFt:5331.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:6700.02
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Tax Area:1-383
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Tax Year:2024
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Tax Tract:120
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Tax Lot:12
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Tax Rate:1.18
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Tax Annual Amount:13747.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7375021005
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Sidewalks, Storm Drains, Street Lights, Suburban, Urban
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:6.00
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Garage Spaces:1.00
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Uncovered Spaces:3.00
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Carport Spaces:2.00
Extra Units
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Average 1 Bed Area:500
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Average 2 Bed Area:950
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/16/24
Aug 16, 2024
|
Sold | CRMLS_CA | $1,130,000 | -3.0% |
7/30/24
Jul 30, 2024
|
Pending | CRMLS_CA | $1,165,000 | |
7/13/24
Jul 13, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $1,165,000 |