25719 Walnut Street

Lomita, CA 90717

$1,270,000
Price
5
Beds
2,954 Sq. Ft.
$430 / Sq. Ft.
2,954
Sq. Ft.
$430
per Sq. Ft.

Description

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...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.
  1. Listed by John Mociak • DRE #01708711 • Brokerage DRE #01527499 • Avenue Realty Group

Property Details for 25719 Walnut Street

Parking Spaces Total
6
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2954
Assessor Parcel Number
7375-021-005
Property Attached YN
true

Location

Listing Courtesy of Avenue Realty Group, John Mociak, DRE #01708711
Add your commute
LISTING UPDATED: 02/27/2024 05:32 AM

Property Details for 25719 Walnut Street

StatusActive
MLS #SB24039682
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
CountyLos Angeles County

Location

Listing Courtesy of Avenue Realty Group, John Mociak, DRE #01708711
Add your commute

Building Information for 25719 Walnut Street

Building/Complex25719 Walnut StFloor-Stories2Residences-Pet Policy-Year Built1946Building Size-

Payment Calculator

$8,262 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,931

Property Taxes

$1,331

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 25719 Walnut Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $94,500
  • Gross Scheduled Income: $94,500
  • Vacancy Allowance: 2781
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $91,719
  • Net Operating Income: $58,265
  • Other Income Description: Storage
  • Gross Multiplier: 13.44
  • Cap Rate: 4.59
Expense Details
  • Operating Expense: $33,454
  • Operating Expense Percent: 35.40%
  • New Taxes Expense: $16,724
  • Gardener Expense: $1,080
  • Fuel Expense: $0
  • Electric Expense: $450
  • Insurance Expense: $2,659
  • Maintenance Expense: $2,000
  • Professional Management Expense: $4,635
  • Other Expense: $1,250
  • Other Expense Description: reserves
  • Trash Expense: $1,320
  • Water Sewer Expense: $3,336
  • Total Expenses: $33,454
Tax / Assessment Info
  • Tax Area: 1-383
  • Tax Rate: 1.18
  • Tax Year: 2024
  • Tax Annual Amount: $14,986
  • Tax Tract Number: 120
  • Tax Census Tract: 6700.02
  • CFD/Mello-Roos Fee: $1,738
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 3
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 1
  • Carport Spaces: 2
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,730
  • Unit Type Total Rent: $1,730
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1725
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,480
  • Unit Type Total Rent: $1,480
  • Unit Type Pro Forma: 1725
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,540
  • Unit Type Total Rent: $1,540
  • Unit Type Pro Forma: 1725
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 1725
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 25719 Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 25719 Walnut Street

Taxable ValueLand$510,000Additions$688,500Total$1,198,500
Tax Record2023$15,976 ($1,331 / month)
Home Facts
Total Finished SqFt2,954 SqFtAbove Grade Finished SqFt2,954 SqFtLot Size5,331 SqFtStyleMulti-Family Res (5+ Units)Year Built1946ZoningLOCG*CountyLOS ANGELESAPN7375-021-005

Schools near 25719 Walnut Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Eshelman Avenue Elementary School
PublicK to 5

Nathaniel Narbonne Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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25719 Walnut Street is a multi-family home for sale in Lomita, CA 90717. This property was listed for sale on February 26, 2024 by Avenue Realty Group, it's currently listed at $1,270,000. It has been on the market for a total of 61 days and was last sold on July 9, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Eshelman Avenue Elementary School, William J. Johnston Community Day School and Nathaniel Narbonne Senior High School. 25719 Walnut Street is a 5-bed, 0-bath, 2,954 sqft multi-family home built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Avenue Realty Group, John Mociak, DRE #01708711

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.