K
Seller's Agent in 2020
Kay Ohara
Seven Seas Investment, Inc.
(310) 993-2560
2 Total Sales
25317 Cypress St Lomita, CA 90717
9
Beds
7
Baths
6,148
Sq Ft
0.44
Acres
About This Home
As of September 2015Large lot in prime area of Lomita. 5 units completely recently remodeled, including kitchen, bath, and windows. First time on market in over 46 years. Property includes garage and laundry facilities. On site surface parking for tenants, with guest parking on a quiet residential street, with a mix of small residential rentals and redeveloped single family housing. Units complete with stoves and refrigerators.
Trust is seller, so please include all of the required forms.
Drive by only, write subject to inspections.
Last Agent to Sell the Property
MRI Property Mgnt.&Inv License #01839155 Listed on: 08/06/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,587
Year Built
- Built in 1949
Lot Details
- 0.44 Acre Lot
- No Common Walls
- Density is 11-15 Units/Acre
Parking
- 1 Car Garage
Home Design
- 6,148 Sq Ft Home
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 28
- Tax Tract Number 848
- Assessor Parcel Number 7373004014
Community Details
Overview
- 4 Buildings
- 12 Units
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- Electric Expense $480
- Gardener Expense $1,200
- Insurance Expense $3,500
- Maintenance Expense $3,500
- Professional Management Expense $6,000
- Trash Expense $3,600
- Water Sewer Expense $1,800
- New Taxes Expense $20,000
- Gross Income $10,749
- Net Operating Income $7,368
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 29, 2015
Sold by
Richardson Scott and Patel Masumi
Bought by
Warren Leland Paul and Warren Yumi
Total Days on Market
9
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 4, 2014
Sold by
Richardson Scott and Patel Masumi
Bought by
Richardson Scott and Patel Masumi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
3.75%
Mortgage Type
Commercial
Purchase Details
Listed on
Aug 6, 2014
Closed on
Aug 26, 2014
Sold by
Sophy Barbara and The Olds Family Trust
Bought by
Ribons Michael P and The Rf Trust
Seller's Agent
Michael Ribons
MRI Property Mgnt.&Inv
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,595,000
Sold Price
$1,580,000
Premium/Discount to List
-$15,000
-0.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%
Purchase Details
Listed on
Aug 6, 2014
Closed on
Aug 19, 2014
Sold by
Lunceford Clifford
Bought by
Ribons Michael P
Seller's Agent
Michael Ribons
MRI Property Mgnt.&Inv
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,595,000
Sold Price
$1,580,000
Premium/Discount to List
-$15,000
-0.94%
Purchase Details
Closed on
May 11, 2012
Sold by
Olds Fred N and Olds Family Trust
Bought by
Olds Fred N and Olds Family Exemption Trust
Purchase Details
Closed on
Jan 22, 2001
Sold by
Olds Fred N and Olds Ulav C
Bought by
Olds Fred N and Olds Ulav C
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,320,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | Orange Coast Title Co | |
| Grant Deed | -- | Fidelity | |
| Grant Deed | -- | Fidelity | |
| Grant Deed | $1,600,000 | Fidelity | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,100,000 | Commercial | |
| Previous Owner | $1,120,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2020 07/07/20 | Rented | $1,300 | +8.3% | -- |
| 07/03/2020 07/03/20 | Under Contract | -- | -- | -- |
| 06/29/2020 06/29/20 | For Rent | $1,200 | 0.0% | -- |
| 09/08/2015 09/08/15 | Sold | $2,320,000 | +7.9% | $377 / Sq Ft |
| 06/22/2015 06/22/15 | Pending | -- | -- | -- |
| 05/14/2015 05/14/15 | For Sale | $2,150,000 | +36.1% | $350 / Sq Ft |
| 08/29/2014 08/29/14 | Sold | $1,580,000 | -0.9% | $257 / Sq Ft |
| 08/15/2014 08/15/14 | Pending | -- | -- | -- |
| 08/06/2014 08/06/14 | For Sale | $1,595,000 | -- | $259 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $35,587 | $2,692,553 | $1,160,583 | $1,531,970 |
| 2023 | $34,967 | $2,639,759 | $1,137,827 | $1,501,932 |
| 2022 | $33,321 | $2,588,000 | $1,115,517 | $1,472,483 |
| 2021 | $33,009 | $2,537,256 | $1,093,645 | $1,443,611 |
| 2019 | $31,990 | $2,462,002 | $1,061,208 | $1,400,794 |
| 2018 | $31,423 | $2,413,728 | $1,040,400 | $1,373,328 |
| 2016 | $29,904 | $2,320,000 | $1,000,000 | $1,320,000 |
| 2015 | $21,415 | $1,600,000 | $960,000 | $640,000 |
| 2014 | $4,700 | $162,157 | $77,379 | $84,778 |
Source: Public Records
Agents Affiliated with this Home
-
-
Brian Estes
Seller's Agent in 2015
Brian Estes
RE/MAX
(310) 802-2525
16 Total Sales
-
Buyer's Agent in 2015
Kayoko Inoue
Seven Seas Investment, Inc.
(310) 308-2358
5 Total Sales
-
Michael Ribons
M
Seller's Agent in 2014
Michael Ribons
MRI Property Mgnt.&Inv
(818) 887-5701
6 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2014
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
2 in this area
5,572 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR14168164
APN: 7373-004-014
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.
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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