25719 Walnut Street Lomita, CA ^$ 1,270,000

25719 Walnut Street

^$ 1,270,000

Back to search

25719 Walnut Street

Lomita, CA, 90717

^$ 1,270,000

Bedrooms5 Baths5.0 Sq 2,954

Monthly Estimate*

^$ 8,871

Listed by Avenue Realty Group

25719 Walnut Street, Lomita, CA 90717 - Image 1

25719 Walnut Street, Lomita, CA 90717 - Image 2

25719 Walnut Street, Lomita, CA 90717 - Image 3

25719 Walnut Street, Lomita, CA 90717 - Image 4

25719 Walnut Street, Lomita, CA 90717 - Image 5

25719 Walnut Street, Lomita, CA 90717 - Image 6

25719 Walnut Street, Lomita, CA 90717 - Image 7

25719 Walnut Street, Lomita, CA 90717 - Image 8

25719 Walnut Street, Lomita, CA 90717 - Image 9

25719 Walnut Street, Lomita, CA 90717 - Image 10

25719 Walnut Street, Lomita, CA 90717 - Image 11

25719 Walnut Street, Lomita, CA 90717 - Image 12

Multi-Family Home for sale in Lomita, CA

for $1,270,000 with 5 bedrooms and 5 full baths. This 2,954 square foot home was built in 1946 on a lot size of 0.1224.

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. Investment Metrics: 13.4 GRM / $254 Per Unit/ 11.2 GRM Pro Forma.

Multi-Family Active

Price

^$ 1,270,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 14,986

Style

Apartment

Lot Size

0.1224

Year Built

1946

Town/City

Lomita

County/Region

Los Angeles

MLS | Web ID

SB24039682

Days on Market

Features

General

Sewer PublicSewer

Possession CloseOfEscrow

Zoning LOCG*

HOA 0.0

Garage Spaces 1.0

Pool Features None

Year Built 1946

Stories 1

Levels One Two

Property SubType Apartment

Tax Year 2024

Gross Income 94500.0

Community Features StormDrains StreetLights Suburban Sidewalks Urban

County Los Angeles

Net Operating Income 58265.0

Operating Expense 33454.0

Insurance Expense 2659.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency none

Garage Y/N Y

Special Listing Conditions Standard

Status Active

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.

City Lomita

Entry Location 3

View Y/N N

Senior Community Y/N N

Open Parking Spaces 3.0

Total Units 5

MLS Area 121 - Lomita

Lot Size Square Feet 5331.0

Private Pool N

Waterfront Y/N N

Carport Spaces 2.0

Carport Y/N Y

Number of Units Leased 5

Street Name Walnut

Listing Terms Cash CashtoNewLoan

Property Attached Y/N Y

Land Lease Y/N N

Tax Annual Amount 14986.0

Electric Expense 450.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 1320.0

Water Sewer Expense 3336.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 12

Total Actual Rent 7725.0

Property Sub Type Additional Apartment

Taxes 16724.0

Cap Rate 4.59

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 6.0

Lot Size Area 5331.0

Number of Buildings 2

Spa N

Building Area Total 2954.0

Lot Size Acres 0.1224

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features None

Entry Level 2

Electric On Property Y/N N

Internal Only

Street Number 1 25719

* Excluded Features

List By

Avenue Realty Group

Broker

(310) 872-0963

Phone

Affordability Calculator

$10,120

Per Month

Monthly Principal & Interest: $8,871
Monthly Property Taxes: $1,249
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in Lomita, CA

Average List Price ^$2,823,986

Percent of Sale Price 122%

About Lomita, CA

20,307 Population

2% Since 2002

^$64,410 Median Income

41.44 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/27/2024	$1,270,000		Listed Price

Map

More homes like this one

homes for you

See all

25719 Walnut Street, Lomita, CA, 90717 is a Multi-Family Home for sale at $1,270,000 with 2,954 sqft and a lot size of 0.1224. 25719 Walnut Street has 5 bedrooms, 5.0 baths, and was built in 1946. The property's zip code is 90717 which is in Lomita, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. 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, 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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

25719 Walnut Street

Multi-Family Home for sale in Lomita, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home