25719 Walnut Street Lomita, CA 90717
Listing Courtesy of: CRMLS / Avenue Realty Group / John Mociak

  25719 Walnut Street Lomita, CA 90717

Sold (137 Days)
$1,130,000

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.

MLS #:
SB24039682
Taxes
$13,747(2024)
Lot Size
5,331 SQFT
Type
Multifamily
Year Built
1946
County
Los Angeles County

Listed By

John Mociak, Avenue Realty Group
Bought with
Angela Hu, DRE #02051400 CA, Century 21 Union Realty
Source
CRMLS
Last checked Nov 10 2024 at 4:33 AM GMT+0000
Bathroom Details
Lot Information
  • 0-1 Unit/Acre
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Stories
  • 1
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