NOT LISTED FOR SALE

25521 Western Ave Lomita, CA 90717

Harbor City Neighborhood
3 Beds
3 Baths
5,752 Sq Ft
5,271 Sq Ft Lot

Last Sold March 11, 2012

Last sale price $650,000 $113 Per Sq Ft

47 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Siding
  • Heating System Uses Natural Gas
  • Tile Countertops
  • Carpet

About This Home

As of March 2012

South Bay investment opportunity in Lomita, two blocks north of PCH close to work,transportation and shopping. Purchase this 1983 vintage apartment building from the original owner/builder...NO RENT CONTROL. It can be purchased with 25110 Western Avenue,four blocks north in Harbor City - same owner/builder...mls #P805805. Rents have been raised, but still 15% under market. The building is separately metered for gas and electric with a new master hot water heater with circulating pump located in the laundry room. Units include stoves and some refrigerators, with ceramic tiled countertops in kitchens and baths. These units are very large with lots of windows and natural light. The roof was replaced in 2009. Parking includes 10 garaged spaces w/auto garage door openers...three double-car garages, two are tandem deep. A recreation room, part of the original construction is behind the double-car garage on the back side of the building. Building plans are available. Call for SET-UP SHEET.

Last Agent to Sell the Property

Marsha Covert

Capital-Growth Properties License #00964653 Listed on: 12/01/2011

Last Buyer's Agent

Marsha Covert

Capital-Growth Properties License #00964653 Listed on: 12/01/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 5,271 Sq Ft Lot
  • Lot Dimensions are 55 x 95

Parking

  • 2 Car Garage
  • Two Garage Doors

Home Design

  • 5,752 Sq Ft Home
  • Contemporary Architecture
  • Composition Roof
  • Wood Siding
  • Stucco

Kitchen

  • Gas Oven or Range
  • Range
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Leased Washer and Dryer

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 10 / 47
  • Tax Tract Number 1589
  • Assessor Parcel Number 7410012047

Community Details

Overview

  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $660
  • Gardener Expense $600
  • Insurance Expense $1,809
  • Maintenance Expense $2,756
  • Pest Control $588
  • Trash Expense $1,416
  • Water Sewer Expense $1,064
  • New Taxes Expense $7,877
  • Gross Income $5,135
  • Net Operating Income $41,842

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 6.11
  • Improvements Percent: 75.00
  • Price Per Unit: 114166
  • View: No
  • Water Sewer Expenses: 1064.00
  • Zoning: LAR3
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7410012047
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: Three Or More
  • Price Per Square Foot: 113.00

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Concrete, Garage - Two Door
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Disposal, Gas Water Heater, Range, Refrigerator
  • Heating Type: Natural Gas, Wall Furnace
  • Pest Control Expense: 588.00
  • Trash Expense: 1416.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 55 x 95
  • Lot Size Sq Ft: 5271.00
  • Lot Size Acres: 0.1210

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 958
  • Electric Expense: 660.00
  • Gross Income: 5135.00
  • Gross Multiplier: 11.12
  • Gross Scheduled Income: 61620.00
  • Insurance Expense: 1809.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5271.0000 Square Feet
  • Maintenance Expense: 2756.00
  • Net Operating Income: 41842.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Disposal: 6
  • Number With Refrigerator: 3
  • Operating Expense: 17930.00
  • Operating Expense Percent: 30.00
  • Vacancy Allowance: 1848
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7877.00
  • Tax Area: 19
  • Tax Block: 47
  • Tax Lot: 10
  • Tax Tract Number: 1589
  • Tax Year: 2011

Range of Values:

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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
03/11/2012 03/11/12 Sold $650,000 -5.1% $113 / Sq Ft
01/17/2012 01/17/12 Pending -- -- --
12/01/2011 12/01/11 For Sale $685,000 -- $119 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marsha Covert

    Seller's Agent in 2012

    Marsha Covert

    Capital-Growth Properties

    (562) 280-0188

    Marsha Covert
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P805809

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Lomita 90710 Harbor City

25521 Western Ave, Lomita, CA

This home is located at 25521 Western Ave, Lomita, CA 90717 since 01 December 2011. This property was built in 1983. 25521 Western Ave is a home located in Los Angeles County with nearby schools including Eshelman 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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