33.7934989929199 -118.317398071289

25619 Oak Street Lomita, CA 90717

323753187 33.7934989929199 -118.317398071289 124 /listing/323753187-150189907/25619-oak-street-lomita-ca-90717 False 0 1890000.0000 105 SB22212745 False
  • $1,890,000
  • 0.24 lot
  • Est payment $10145.93/mo

Property & Neighborhood Info

Courtesy Of Richard Oberlander, DRE#01857241, Richard Oberlander, Broker

Multi-Family in Lomita

8 Unit 1 Level Building with 7x Studios and 1x 2Bed/1Bath Units. The 3802 sqft building is on a low maintenance 10525 sqft lot. The property is located at a highly convenient Lomita location that is walking distance to Shops, Restaurants, and Shopping Plazas that's along PCH and Western- thus making it very ideal location for tenants of all ages who values the walking convenience to places. The building itself has individual meter for electricity and gas and individual shut off for each unit already (possible to install individual water meter* buyer to verify). Each of the unit does need some TLC but there is no issue with any electrical, plumbing, and framing. The property has a very low maintenance required since it is a no thrill property- no garden/no grass, it is mostly cemented public area. There is no carport nor garage; each tenant simply has parking outside their unit (with additional space for guest parking as well). All units are very basic and has very little that requires maintenance. This building has always been privately managed by owner, there has been many long term tenants with great upside potential to rent. This is the ideal income property who is looking for a low maintenance property with good cash flow that's in the Torrance, Rolling Hills, Palos Verdes, and Redondo Beach area.

Courtesy Of Richard Oberlander, DRE#01857241, Richard Oberlander, Broker
  1. 0.24 Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 1958
  • Floors: 1
  • County: Los Angeles
  • Units: 8
  • Zoning: LOR1P*
  • MLS Number:SB22212745

Additional Features

  • Common Walls:
    • Item2CommonWalls
  • Community Features:
    • Sidewalks
    • Suburban
  • Cooling:
    • None
  • Fireplace:
    • N
    • None
  • Garage:
    • N
  • Heating:
    • WallFurnace
  • HOA:
    • N
  • Laundry:
    • CommonArea
    • LaundryRoom
  • Levels:
    • One
  • Listing Service:
    • FullService
  • Listing Type:
    • ExclusiveRightToSell
  • Lot Description:
    • Item01UnitAcre
  • New Construction:
    • N
  • Parking:
    • None
  • Pool:
    • None
  • Property Subtype:
    • Apartment
  • Road Frontage:
    • CityStreet
  • Roof:
    • Flat
  • Sewer:
    • PublicSewer
  • Spa:
    • None
  • Spa YN:
    • false
  • Special Conditions:
    • Standard
  • Terms:
    • CashtoNewLoan
  • View:
    • N
    • None
  • Water:
    • Public
  • Year Built Source:
    • Assessor
  • Annual Trash Expense:
    • 1600
  • Building Square Feet:
    • 3802
  • Cap Rate:
    • 4.67
  • CDOM:
    • 11
  • DOM:
    • 11
  • Electric Exp:
    • 600
  • Exclusions:
    • Renter's belongings
  • Gross Income:
    • 120600
  • Gross Scheduled Income:
    • 120600
  • Inclusions:
    • Some appliances and washer/dryer room equipments.
  • Insurance Expense:
    • 2150
  • Listing Key:
    • 1023177336
  • Net Operating Income:
    • 88185
  • Number of Buildings:
    • 1
  • Operating Expense:
    • 32415
  • Parcel Number:
    • 7375025022
  • Water Sewer Exp:
    • 2040
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
33.7934989929199 -118.317398071289

25619 Oak Street Lomita, CA 90717

323753187 33.7934989929199 -118.317398071289 124 /listing/323753187-150189907/25619-oak-street-lomita-ca-90717 False 0 1890000.0000 105 SB22212745 False
  • $1,890,000
  • 0.24 lot
  • Est payment $10145.93/mo