NOT LISTED FOR SALE

25530 Oak St Lomita, CA 90717

Estimated Value: $3,355,231

21 Beds
14 Baths
7,700 Sq Ft
$436/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $2,500,000 $325 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $20,814/month

60 Days on Market

About This Home

As of June 2018

A HUGE 20K square foot parcel with 7 mostly bungalow-style units. Enclosed garages, yards, and washer/dryer hookups - giving a "home-like" feel for the tenants. Definitely a superior rental option compared to a typical stacked apartment building. The units have copper plumbing, separate gas and electric meters, as well as, separate hot water heaters - keeping landlord expenses down. Long-time, out-of-area ownership - an excellent value-add investment opportunity, particularly for a local "buy-and-hold" investor. Ideal location along PCH, just east of shopping and dining at Rolling Hills Plaza.

Last Agent to Sell the Property

Brice W. Head, MBA

CBRE, Inc. License #01330706 Listed on: 04/12/2018

Last Buyer's Agent

Brice W. Head, MBA

CBRE, Inc. License #01330706 Listed on: 04/12/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,251

Year Built

  • Built in 1964

Lot Details

  • 0.46

Interior Spaces

  • 7,700 Sq Ft Home
  • 2-Story Property

Parking

  • 12 Parking Spaces
  • Driveway

Additional Features

  • 0.46 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 7375-023-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,251

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7700
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 350.52

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway - Combination
  • Total Parking: 12

Utilities

  • Electric Expense: 7140.00
  • Heating: Wall

Fee Information

  • Insurance Expense: 2500.00
  • Maintenance Expense: 6204.00
  • Other Expense: 1750.00

Lot Info

  • Assessed Improvement Value: 196943
  • Assessed Land Value: 113683
  • Assessor Parcel Number: 7375-023-014
  • Geocode Override: No
  • Lot Size Area: 20143

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 17.40
  • Number Of Units: 7
  • Total Annual Expense: 50312
  • Type Of Units: 3 bed, 2 ba
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 32118.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2018
Closed on
Jun 16, 2018
Sold by
Wood Randy
Bought by
Diamond 1 Lp
Seller's Agent
Brice W. Head, MBA
CBRE, Inc.
Buyer's Agent
Brice W. Head, MBA
CBRE, Inc.
List Price
$2,699,000
Sold Price
$2,500,000
Premium/Discount to List
-$199,000
-7.37%
Current Estimated Value
$3,355,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$855,231
Avg. Annual Appreciation
4.09%

Purchase Details

Listed on
Apr 12, 2018
Closed on
Jun 14, 2018
Sold by
Wood Annette
Bought by
Wood Randy
Seller's Agent
Brice W. Head, MBA
CBRE, Inc.
Buyer's Agent
Brice W. Head, MBA
CBRE, Inc.
List Price
$2,699,000
Sold Price
$2,500,000
Premium/Discount to List
-$199,000
-7.37%

Purchase Details

Closed on
Jan 10, 2011
Sold by
Wood Christine
Bought by
Wood Randy

Purchase Details

Closed on
Jan 22, 2001
Sold by
Wood Leon O
Bought by
Wood Randy and Wood Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.08%
Mortgage Type
Seller Take Back
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
Diamond 1 Lp $2,500,000 First American Title
Wood Randy -- First American Title
Wood Randy -- None Available
Wood Randy $610,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diamond 1 Lp $1,596,000
Closed Diamond 1 Lp $1,650,000
Previous Owner Wood Randy $300,000
Previous Owner Wood Randy $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2018 06/29/18 Sold $2,500,000 -7.4% $325 / Sq Ft
06/11/2018 06/11/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $2,699,000 0.0% $351 / Sq Ft
04/15/2018 04/15/18 Pending -- -- --
04/12/2018 04/12/18 For Sale $2,699,000 -- $351 / Sq Ft
Source: The MLS

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 $35,251 $2,787,676 $1,820,524 $967,152
2024 $35,251 $2,733,017 $1,784,828 $948,189
2023 $34,640 $2,679,430 $1,749,832 $929,598
2022 $32,979 $2,626,893 $1,715,522 $911,371
2021 $32,632 $2,575,386 $1,681,885 $893,501
2019 $31,619 $2,499,000 $1,632,000 $867,000
2018 $6,113 $316,837 $115,956 $200,881
2016 $5,676 $304,536 $111,454 $193,082
2015 $5,597 $299,962 $109,780 $190,182
2014 $5,631 $294,087 $107,630 $186,457
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-332626

The MLS

APN: 7375-023-014