25719 WALNUT ST
LOMITA, CA 90717
$1,165,000
N/A Beds
0 Baths
2,954 Sq Ft
Status Active
MLS# SB24039682
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.
Details for 25719 WALNUT ST
Built in 1946
$394 / Sq Ft
6 parking spaces
93 Days on website
0.1224 acres lot
Area Information for 25719 WALNUT ST
