NOT LISTED FOR SALE

25122 Woodward Ave Lomita, CA 90717

Estimated Value: $1,055,000 - $1,275,000

6 Beds
4 Baths
2,420 Sq Ft
$488/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $745,000 $308 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $7,308/month

4 Days on Market

Highlights

  • Dual Staircase
  • Wood Flooring
  • No HOA
  • Contemporary Architecture
  • Private Yard
  • 2-minute walk to Annex Park

About This Home

As of September 2019

Great two story duplex in the heart of Lomita. Features a 4 Bedroom and 2 bathroom front house and a 2 bedroom 2 bath rear house with 2 car garage in between the units. In the heart of Lomita and centrally located, makes for ideal income property. Each unit has it's own private gated yard. Front unit features hardwood floors and tile bathrooms. Each unit has hookups for washer/dryer. This property is being sold as.

Last Agent to Sell the Property

Steve Day

Day & Associates License #01200586 Listed on: 07/17/2019

Last Buyer's Agent

Maureen Lee

Keller Williams South Bay License #01475893

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,469

Year Built

  • Built in 1958

Lot Details

  • 5,090 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Private Yard
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Asphalt Roof

Interior Spaces

  • 2,420 Sq Ft Home
  • Dual Staircase
  • Neighborhood Views

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Private Water Source
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 24860
  • Assessor Parcel Number 7375005020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,009
  • Trash Expense $511
  • Water Sewer Expense $1,399
  • New Taxes Expense $9,562
  • Operating Expense $12,481
  • Gross Income $46,890
  • Net Operating Income $29,476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,469

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.50
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 1399.00
  • Zoning: LOR1*
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 7375005020
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 307.85

Exterior Features

  • Direction Faces: West
  • View: Neighborhood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Sewer Paid
  • Trash Expense: 511.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Yard
  • Lot Size Sq Ft: 5090.00
  • Lot Size Acres: 0.1169

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 46890.00
  • Gross Multiplier: 16.30
  • Gross Operating Income: 46800.00
  • Gross Scheduled Income: 46890.00
  • Gross Spendable Income: 29476.00
  • Insurance Expense: 1009.00
  • Lot Size Area: 5090.0000 Square Feet
  • Net Operating Income: 29476.00
  • 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: 17414.00
  • Rent Control: No
  • Total Expenses: 12481.00

Tax Info

  • New Taxes Expense: 9562.00
  • Tax Census Tract: 6700.03
  • Tax Lot: 1
  • Tax Tract Number: 24860

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Jul 29, 2019
Sold by
Cohen Michele Gail
Bought by
Seifert Nicolas
Seller's Agent
Steve Day
Day & Associates
Buyer's Agent
Maureen Lee
Keller Williams South Bay
List Price
$765,000
Sold Price
$745,000
Premium/Discount to List
-$20,000
-2.61%
Total Days on Market
4
Current Estimated Value
$1,181,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,300
Avg. Annual Appreciation
6.97%
Original Mortgage
$596,000
Interest Rate
3.6%

Purchase Details

Closed on
Jun 17, 2004
Sold by
Sanchez Abel Cordero
Bought by
Cohen Michele Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.97%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 7, 2002
Sold by
Sanchez Abel Cordero
Bought by
Sanchez Abel Cordero and Cuevas Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,700
Interest Rate
6.05%

Purchase Details

Closed on
Nov 12, 2001
Sold by
Sanchez Abel Cordero
Bought by
Sanchez Abel Cordero and Cuevas Maria Euginia

Purchase Details

Closed on
May 24, 2001
Sold by
Cuevas Maria Eugenia
Bought by
Sanchez Abel Cordero

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
7%

Purchase Details

Closed on
Jul 1, 1997
Sold by
Dolbee Carl E
Bought by
Sanchez Abel Cordero and Cuevas Maria Eugenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,500
Interest Rate
7.5%
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
Seifert Nicolas $745,000 Chicago Title Company
Cohen Michele Gail $625,000 Stewart Title
Sanchez Abel Cordero -- United Title
Sanchez Abel Cordero -- New Century Title Company
Sanchez Abel Cordero -- New Century Title Company
Sanchez Abel Cordero $205,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seifert Nicolas $653,550
Closed Seifert Nicolas $74,425
Previous Owner Seifert Nicolas $596,000
Previous Owner Cohen Michelle Gail $380,000
Previous Owner Cohen Michele Gail $392,000
Previous Owner Cohen Michele Gail $400,000
Previous Owner Sanchez Abel Cordero $50,000
Previous Owner Sanchez Abel Cordero $253,700
Previous Owner Sanchez Abel Cordero $32,000
Previous Owner Sanchez Abel Cordero $213,750
Previous Owner Sanchez Abel Cordero $16,000
Previous Owner Sanchez Abel Cordero $190,500
Closed Cohen Michele Gail $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2019 09/20/19 Sold $745,000 -2.6% $308 / Sq Ft
07/21/2019 07/21/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $765,000 -- $316 / 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 $10,469 $814,760 $546,820 $267,940
2024 $10,469 $798,786 $536,099 $262,687
2023 $10,100 $783,125 $525,588 $257,537
2022 $9,613 $767,771 $515,283 $252,488
2021 $9,503 $752,718 $505,180 $247,538
2020 $9,581 $745,000 $500,000 $245,000
2019 $9,786 $780,968 $374,865 $406,103
2018 $9,637 $765,656 $367,515 $398,141
2016 $9,219 $735,927 $353,245 $382,682
2015 $9,071 $724,873 $347,939 $376,934
2014 $9,069 $710,675 $341,124 $369,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19143128

California Regional Multiple Listing Service (CRMLS)

APN: 7375-005-020