For more information regarding the value of a property, please contact us for a free consultation.
25719 Walnut Street Lomita, CA 90717
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,130,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,954 sqft
Price per Sqft $382
MLS Listing ID SB-24039682
Sold Date 08/16/24
Year Built 1946
Lot Size 5,331 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Zoning LOCG*
Interior
Laundry None
Exterior
Parking Features Gated
Garage Spaces 1.0
Pool None
Community Features Sidewalks, Storm Drains, Street Lights, Suburban, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Read Less