NOT LISTED FOR SALE

2257 250th St Lomita, CA 90717

Estimated Value: $1,210,000 - $1,471,550

3 Beds
3 Baths
2,560 Sq Ft
$526/Sq Ft Est. Value

Last Sold July 20, 2022

Last sale price $1,166,275 $456 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,568/month

7 Days on Market

Highlights

  • Above Ground Spa
  • Laundry Room
  • 4-minute walk to Annex Park
  • 0.41 Acre Lot

About This Home

As of July 2022

We are proud to present this charming two-unit on a huge 17k square foot lot (per accessor) consisting of a Single Family Residence and an above-garage Granny Flat in the close-knit community of Lomita. The house evokes a nostalgic 1920’s charm with an inviting front porch, sizable windows, nice wood floors, a captivating dining room, and a living room complete with a Spanish-tiled fireplace. The kitchen has tile throughout, a center cooktop island, a freestanding fireplace with an exposed chimney and a bricked mantel, and is adorned with a skylight. There are two bedrooms, two bathrooms, and a basement. The backyard has a covered patio, mature fruit trees, and a finished built-up deck containing a jacuzzi. The property includes a huge shop-style garage; a rear door provides pass-through access into the backyard that leads into the 1 bed 1 bath Granny Flat apartment above the garage. Property has some deferred maintenance but has tremendous potential! Both units are currently occupied, property being sold As-Is, with existing tenants.

Last Agent to Sell the Property

Justin McCardle

Growth Investment Group Pasade License #01895720 Listed on: 06/07/2022

Last Buyer's Agent

Woody Stahl

CRMLS Member Transfer License #01399621

CRMLS Member Transfer

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,946

Year Built

  • Built in 1926

Lot Details

  • 0.41 Acre Lot
  • No Common Walls

Parking

  • 3 Car Garage

Home Design

  • 2,560 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Above Ground Spa
  • Suburban Location

Listing and Financial Details

  • Tax Lot 54
  • Tax Tract Number 480
  • Assessor Parcel Number 7376015023
  • $2,306 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,920
  • Water Sewer Expense $7,200
  • New Taxes Expense $16,031
  • Operating Expense $30,234
  • Gross Income $3,975
  • Net Operating Income $16,035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,946

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 594000
  • Property Attached: No
  • Water Sewer Expenses: 7200.00
  • Zoning: LOR1*
  • Property Type: Residential Income
  • Parcel Number: 7376015023
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 455.58
  • Spa Features: Above Ground

Exterior Features

  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1920.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17926.00
  • Lot Size Acres: 0.4115

Multi Family

  • Gross Income: 3975.00
  • Gross Scheduled Income: 47700.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 17926.0000 Square Feet
  • Net Operating Income: 16035.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 30234.00
  • Rent Control: Yes
  • Total Expenses: 30234.00

Tax Info

  • New Taxes Expense: 16031.00
  • Tax Census Tract: 6700.03
  • Tax Lot: 54
  • Tax Tract Number: 480
  • TaxOtherAnnualAssessmentAmount: 2306.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 8, 2022
Sold by
Patrick K Peery 2016 Trust
Bought by
Westhoff Trust
Seller's Agent
Justin McCardle
Growth Investment Group Pasade
Buyer's Agent
Woody Stahl
CRMLS Member Transfer
List Price
$1,188,000
Sold Price
$1,166,275
Premium/Discount to List
-$21,725
-1.83%
Current Estimated Value
$1,346,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,113
Avg. Annual Appreciation
3.49%
Original Mortgage
$699,765
Outstanding Balance
$668,436
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$630,199
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Westhoff Trust $1,166,500 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westhoff Trust $699,765
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2022 07/20/22 Sold $1,166,275 -1.8% $456 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $1,188,000 -- $464 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,946 $1,213,106 $936,360 $276,746
2024 $14,946 $1,189,320 $918,000 $271,320
2023 $14,684 $1,166,000 $900,000 $266,000
2022 $9,339 $747,838 $511,596 $236,242
2021 $9,230 $733,175 $501,565 $231,610
2020 $9,304 $725,659 $496,423 $229,236
2019 $8,936 $711,432 $486,690 $224,742
2018 $8,824 $697,484 $477,148 $220,336
2016 $8,436 $670,402 $458,621 $211,781
2015 $8,301 $660,333 $451,733 $208,600
2014 $8,306 $647,399 $442,885 $204,514
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22121795

California Regional Multiple Listing Service (CRMLS)

APN: 7376-015-023