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25907 Oak Street

Lomita, CA 90717
  • $9,100,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: OC24025757
$9,100,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:
Area:

School Ratings & Info

Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)


Description

25907 Oak Street is a 23-unit multifamily investment property located in Lomita, CA. 25907 Oak Street consists exclusively of two-bedroom townhomes and offers desirable amenities including garage and surface parking, on-site laundry, private patios, and gated access. Additionally, the property presents an opportunity to add one accessory dwelling unit (ADU) to further increase rental income. 25907 Oak Street is within 1 mile of Rolling Hills Plaza, providing residents with convenient access to a plethora of retail, dining, and entertainment options. Additionally, the property is just over 1 mile from Ken Malloy Harbor Regional Park, one of the largest parks in all of Los Angeles County, which gives residents the opportunity to enjoy numerous outdoor activities. 25907 Oak Street benefits from its location 1.80 miles away from Los Angeles Harbor College, a major economic and housing driver for the area. Furthermore, Pacific Coast Highway and Western Avenues close proximity to the property allow residents easy access to employment hubs throughout the South Bay.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-29T00:28:36.88. 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 deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/147294954
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25907 Oak Street Lomita, CA 90717

  • Price: $9,100,000
  • Status: Active
  • On Site: 23 Days
  • ID#: OC24025757
0
Beds
0
Baths
0
½ Baths
0.95
Acres
1964
Built
Neighborhood:
121 - Lomita
County:
Los Angeles
Area:
121 - Lomita
Property Description
25907 Oak Street is a 23-unit multifamily investment property located in Lomita, CA. 25907 Oak Street consists exclusively of two-bedroom townhomes and offers desirable amenities including garage and surface parking, on-site laundry, private patios, and gated access. Additionally, the property presents an opportunity to add one accessory dwelling unit (ADU) to further increase rental income. 25907 Oak Street is within 1 mile of Rolling Hills Plaza, providing residents with convenient access to a plethora of retail, dining, and entertainment options. Additionally, the property is just over 1 mile from Ken Malloy Harbor Regional Park, one of the largest parks in all of Los Angeles County, which gives residents the opportunity to enjoy numerous outdoor activities. 25907 Oak Street benefits from its location 1.80 miles away from Los Angeles Harbor College, a major economic and housing driver for the area. Furthermore, Pacific Coast Highway and Western Avenues close proximity to the property allow residents easy access to employment hubs throughout the South Bay.
Exterior Features

Carport Spaces 8 Carport YN Yes Entry Level 1 Entry Location First Level Lot Features Street Level Number Of Separate Electric Meters 23 Open Parking Spaces 4 Parking Total 38 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.66 Common Interest Community Apartment Community Features CurbsGutter(s)Sidewalks Electric Expense 5025 Fuel Expense 5025 Garage YN Yes Gross Income 664100 Gross Scheduled Income 648590 Insurance Expense 16100 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 16100 Net Operating Income 424086 New Construction YN No New Taxes Expense 108103 Number Of Separate Gas Meters 23 Number Of Separate Water Meters 1 Operating Expense 220556 Other Expense 37589 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 5026 Vacancy Allowance 19458 Vacancy Allowance Rate 3 Water Sewer Expense 5026 Water Source Public Zoning LORVD1500*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-29T00:28:36.88. 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 deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)