25719 Walnut Street, Lomita
Lomita Home For Sale
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.
Property Details
Additional Information
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- City:
- Lomita
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- County:
- Los Angeles
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- Zip:
- 90717
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- MLS® #:
- SB24039682
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- Bedrooms:
- 5
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- Lot Size:
- 0.12
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- Levels:
- One, Two
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- Garages:
- 1
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- HOA Dues:
- $
Price Change History for 25719 Walnut Street, Lomita, (MLS® #SB24039682)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract (from Active) | – | – | |
| Price Reduced (from $1,270,000) | $1,165,000 | $105,000 (8.27%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 25th, 2024 at 10:18pm PDT. 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.