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.
Property Details for 25719 Walnut Street
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- John Mociak
- Listing Brokered By
- Avenue Realty Group
- Type
- Residential Income, Apartment
- Year Built
- 1946 (Assessor)
- MLS Area
- 121 - Lomita
Price and MLS Information
- Status
- Active | Listing History
- MLS Days on Mkt.
- 64 DOM
- Combined DOM*
- 64
- First Date Active
- February 27th, 2024
- Current Price
- $1,165,000
- Orig. List Price
- $1,270,000
- MLS® #
- SB24039682
- APN
- 7375021005
- Special
- Standard
Home Interior Information
- Levels/Stories
- One, Two
Room Information
- Laundry
- None
Exterior Information
- Lot Description
- 0-1 Unit/Acre
- Lot Size (sq. ft.)
- 5,331
- Lot Size (acres)
- 0.12
- Pool
- None
- Parking Spaces
- 6
- Garage Spaces
- 1
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- LOCG*
- Buyer's Brokerage Fee
- 2.000
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
Neighborhood Information
Listing/Price History
25719 Walnut Street, Lomita, (MLS® #SB24039682)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,270,000) | $1,165,000 | $105,000 (8.27%) | |
| First Day Active | $1,270,000 | – |
Listing Summary
Quick Summary of 25719 Walnut Street: This home in Lomita is priced at $1,165,000 . The Apartment residence was originally built in 1946 and was listed on February 27th, 2024 at $1,270,000, showing 64 Days on Market currently. Contact Dave Fratello today for more information or to go see 25719 Walnut Street.
Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 12:10am 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.
