K
Seller's Agent in 2020
Kay Ohara
Seven Seas Investment, Inc.
25317 Cypress St Lomita, CA 90717
3
Beds
3
Baths
6,148
Sq Ft
0.44
Acres
Highlights
- 0.44 Acre Lot
- Laundry Room
- 1-Story Property
- No HOA
About This Home
As of September 2015Quite possibly THE BEST opportunity available in the South Bay. The subject property consists of 12 single story apartment units situated on a 19,000+ square foot lot. All units are single story offering fewer shared walls and which command a higher rent per square foot. The unit mix is mostly 2BR and consists of 8-2BR/1BA, 2-1BR/1BA and 2-Studios. There is an onsite laundry facility with owned washer/dryer that provides additional income. Please do not walk the property or under any circumstances talk to the tenants as they are unaware of the sale.
Prime location in the non-rent controlled City of Lomita. The property is located on a quiet tree lined street surrounded by mostly single family homes. It is walking distance to Rolling Hills Plaza (Whole Foods, Trader Joe's, Rite Aid, 24 Hour Fitness, AMC Movie Theatre, etc). It is only 2 blocks from South Torrance and very close to the Rolling Hills Country Club. Priced at a 4.82% on in place income/expenses, with upside to 5.5%+CAP on conservative market rents.
Last Agent to Sell the Property
Re/Max Commercial & Investment License #01394559 Listed on: 05/14/2015
Last Buyer's Agent
Kayoko Inoue
Seven Seas Investment, Inc. License #01348460
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,587
Year Built
- Built in 1949
Lot Details
- 0.44 Acre Lot
- 1 Common Wall
Parking
- 1 Car Garage
Home Design
- Property Attached
Interior Spaces
- 6,148 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 28
- Tax Tract Number 848
- Assessor Parcel Number 7373004014
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $750
- Gardener Expense $1,200
- Insurance Expense $3,500
- Maintenance Expense $6,882
- Trash Expense $750
- Water Sewer Expense $750
- New Taxes Expense $24,725
- Gross Income $12,618
- Net Operating Income $103,567
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
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
8.86%
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 |
|---|---|---|---|---|
| 2025 | $35,587 | $2,746,403 | $1,183,794 | $1,562,609 |
| 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
-
-
Seller's Agent in 2015
Brian Estes
RE/MAX
(310) 802-2525
16 Total Sales
-
K
Buyer's Agent in 2015
Kayoko Inoue
Seven Seas Investment, Inc.
-
M
Seller's Agent in 2014
Michael Ribons
MRI Property Mgnt.&Inv
(818) 887-5701
6 Total Sales
-
N
Buyer's Agent in 2014
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
2 in this area
5,764 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB15110759
APN: 7373-004-014
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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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