Seller's Agent in 2023
Poul Erik Norgaard
Compass
(323) 719-8005
3 in this area
29 Total Sales
25610 Narbonne Ave Lomita, CA 90717
Estimated Value: $1,137,411
5
Beds
5
Baths
2,686
Sq Ft
$423/Sq Ft
Est. Value
Highlights
- Cooling System Mounted To A Wall/Window
- Landscaped
- Carpet
- Laundry Room
- Central Heating
- 1-Story Property
About This Home
As of September 2023Wonderful opportunity to own a well maintained 5-unit mixed-use income property, centrally located in Lomita. This property has a mix of residential and commercial units. There are currently 2 office spaces with entrance off of Narbonne, 1 studio or office with side entry, 1 bedroom / 1 bathroom unit also with side entry, then in the back of the lot a 4 bedroom / 2 bathroom unit with no shared walls. There are a total of 9 parking spots on premises, including a 2-car garage for the 4 bedroom unit and 7 designated parking spots. Currently, the unit that could be a studio apartment or an office is vacant. The 4 bedroom unit has a stove, microwave hood, fridge, dishwasher, and washer/ dryer all included. You?ll also find recessed lighting, laminate floors, and a spacious private backyard with grass and mature fruit trees. The 1 bedroom has its own laundry hookups. The office spaces, units A & B, have their own 1/2 baths and laminate floors. The vacant studio/office has its own 3/4 bath and carpet floors. Commercial leases with 3 two year options remaining on offices offering stable income, 4 bedroom and 1 bedroom units on month-to-month. Huge upside potential. High walk score. Well maintained property, with metered electricity, 4 sub-meters, and low maintenance landscaping.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,900
Year Built
- Built in 1962
Lot Details
- 9,736 Sq Ft Lot
- No Common Walls
- Landscaped
- Density is up to 1 Unit/Acre
Parking
- 7 Open Parking Spaces
- 2 Car Garage
Interior Spaces
- 2,686 Sq Ft Home
- 1-Story Property
- Laundry Room
Kitchen
- Gas Range
- Dishwasher
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
- Wall Furnace
- Standard Electricity
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 143
- Tax Tract Number 848
- Assessor Parcel Number 7375025020
- $1,368 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Fuel Expense $1,121
- Insurance Expense $3,671
- Trash Expense $679
- Water Sewer Expense $1,301
- New Taxes Expense $11,756
- Operating Expense $7,019
- Gross Income $37,891
- Net Operating Income $30,888
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 24, 2024
Sold by
Damon Manuel Romanovsky Trust
Bought by
Ermanita Corporation
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
$588,750
Interest Rate
6.66%
Mortgage Type
Construction
Purchase Details
Listed on
Apr 28, 2023
Closed on
Aug 28, 2023
Sold by
Barteld Trust
Bought by
Ermanita Corporation
Seller's Agent
Poul Erik Norgaard
Compass
Buyer's Agent
Poul Erik Norgaard
Compass
List Price
$1,045,000
Sold Price
$1,050,000
Premium/Discount to List
$5,000
0.48%
Views
177
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.12%
Original Mortgage
$500,000
Interest Rate
6.9%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ermanita Corporation | $785,000 | California Best Title Company | |
| Ermanita Corporation | $1,050,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Ermanita Corporation | $588,750 | |
| Previous Owner | Ermanita Corporation | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2023 09/18/23 | Sold | $1,050,000 | +0.5% | $391 / Sq Ft |
| 05/25/2023 05/25/23 | Pending | -- | -- | -- |
| 04/28/2023 04/28/23 | For Sale | $1,045,000 | -- | $389 / 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 | $14,900 | $953,700 | $663,000 | $290,700 |
| 2024 | $14,900 | $1,050,000 | $700,000 | $350,000 |
| 2023 | $3,186 | $151,774 | $58,176 | $93,598 |
| 2022 | $3,078 | $148,799 | $57,036 | $91,763 |
| 2021 | $3,069 | $145,882 | $55,918 | $89,964 |
| 2020 | $3,080 | $144,387 | $55,345 | $89,042 |
| 2019 | $2,994 | $141,557 | $54,260 | $87,297 |
| 2018 | $2,782 | $138,783 | $53,197 | $85,586 |
| 2016 | $2,645 | $133,395 | $51,132 | $82,263 |
| 2015 | $2,606 | $131,392 | $50,364 | $81,028 |
| 2014 | $2,608 | $128,819 | $49,378 | $79,441 |
Source: Public Records
Agents Affiliated with this Home
-
-
T
Seller Co-Listing Agent in 2023
Tadashi Kondo
Compass
(310) 567-8790
5 in this area
134 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23064779
APN: 7375-025-020
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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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