NOT LISTED FOR SALE

24719 Eshelman Ave Lomita, CA 90717

13 Beds
10 Baths
7,158 Sq Ft
9,588 Sq Ft Lot

Last Sold August 26, 2014

Last sale price $1,899,000 $265 Per Sq Ft

4 Days on Market

About This Home

As of August 2014

ONCE IN A LIFETIME OPPORTUNITY. Family owned building hitting the market for the first time ever! This 10 unit trophy income property has substantially low rents with tremendous upside potential and no rent control. The owners have meticulously maintained the property over the years and have kept many of the tenants in place for over ten years. Great curb appeal with lush landscaping and a sunny courtyard as you enter the building and brand new street paving on Eshelman Ave. Recent upgrades include updated plumbing throughout, a new water heater, new washers/dryers, automated sprinklers, and landscaping. There are seven 1 bed/1 bath units and three 2 bed/1 bath units all currently occupied under market value. Centrally located near schools, parks, shopping, and easy access to freeways. Please do not walk on property or disturb tenants...MOTIVATED SELLERS, SUBMIT ALL OFFERS!

Last Agent to Sell the Property

Andy McGuire

RE/MAX Estate Properties License #01891008 Listed on: 06/28/2014

RE/MAX Estate Properties

Co-Listed By

Colleen McGuire

Estate Properties License #01263708

Last Buyer's Agent

Andy Tseng

The Realestate Group License #01899224

The Realestate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 9,588 Sq Ft Lot
  • No Common Walls

Home Design

  • 7,158 Sq Ft Home

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 15 Parking Spaces
  • 15 Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 543
  • Assessor Parcel Number 7376022002

Community Details

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,400
  • Maintenance Expense $1,200
  • Trash Expense $1,860
  • Water Sewer Expense $3,900
  • New Taxes Expense $24,000
  • Gross Income $10,070
  • Net Operating Income $87,888

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 4.63
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 3900.00
  • Property Type: Residential Income
  • Parcel Number: 7376022002
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 265.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 15.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Washer Included
  • Trash Expense: 1860.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Size Sq Ft: 9588.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 10070.00
  • Gross Scheduled Income: 120840.00
  • Insurance Expense: 3400.00
  • Lot Size Area: 9588.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 87888.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 32952.00
  • Rent Control: No
  • Total Actual Rent: 9770.00

Tax Info

  • New Taxes Expense: 24000.00
  • Tax Lot: 1
  • Tax Tract Number: 543
  • Tax Year: 2013

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
08/26/2014 08/26/14 Sold $1,899,000 0.0% $265 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
06/28/2014 06/28/14 For Sale $1,899,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Andy McGuire

    RE/MAX Estate Properties

    Section Image
  • Colleen McGuire

    Seller Co-Listing Agent in 2014

    Colleen McGuire

    RE/MAX

    (310) 529-7926

    46 Total Sales

    Section Image
  • Andy Tseng

    Buyer's Agent in 2014

    Andy Tseng

    The Realestate Group

    (310) 913-1268

    1 in this area

    38 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN14137336

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Lomita 90717

24719 Eshelman Ave, Lomita, CA

This home is located at 24719 Eshelman Ave, Lomita, CA 90717 since 28 June 2014. This property was built in 1961. 24719 Eshelman Ave is a home located in Los Angeles County with nearby schools including President Avenue Elementary School, Alexander Fleming Middle School, and Nathaniel Narbonne Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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