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.
Sold for $1,130,000 on 08/16/24
Listing Provided by:
John Mociak DRE #01708711 310-872-0963,
Avenue Realty Group
Bought with: Century 21 Union Realty
$1,130,000
25719 Walnut St, Lomita, CA 90717
5beds
--baths
2,954sqft
Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$383/sqft
$1,683 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,683/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 04:47pm
Listing Provided by:
John Mociak DRE #01708711 310-872-0963,
Avenue Realty Group
Bought with:
Angela Hu, DRE #02051400
Century 21 Union Realty
Source: CRMLS,MLS#: SB24039682
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,954
- Total interior livable area: 2,954 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage, Carport
- Garage spaces: 1
- Carport spaces: 2
- Covered spaces: 3
- Uncovered spaces: 3
Features
- Levels: One,Two
- Stories: 1
- Entry location: 3
- Pool features: None
Lot
- Size: 5,331 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7375021005
- Zoning: LOCG*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Storm Drain(s), Street Lights, Suburban, Sidewalks, Urban
Location
- Region: Lomita
HOA & financial
Other financial information
- Total actual rent: 7725
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 2/9/2025 | Listing removed | $2,150$1/sqft |
Source: CRMLS #SB25018202 | ||
| 1/26/2025 | Listed for rent | $2,150$1/sqft |
Source: CRMLS #SB25018202 | ||
| 8/16/2024 | Sold | $1,130,000-3%$383/sqft |
Source:  CRMLS #SB24039682 | ||
| 7/31/2024 | Pending sale | $1,165,000$394/sqft |
Source: CRMLS #SB24039682 | ||
| 7/14/2024 | Contingent | $1,165,000$394/sqft |
Source: CRMLS #SB24039682 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,374 -5.4% | $1,130,000 -7.6% |
| 2024 | $16,253 +1.7% | $1,222,470 +2% |
| 2023 | $15,976 +4.9% | $1,198,500 +2% |
Find assessor info on the county website
Neighborhood: 90717
Nearby schools
GreatSchools rating
- 6/10Eshelman Avenue Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10Alexander Fleming Middle SchoolGrades: 6-8Distance: 0.1 mi
- 6/10Nathaniel Narbonne Senior High SchoolGrades: 9-12Distance: 1 mi
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