Ross Gagnon
Coldwell Banker Realty
(949) 518-3075
37 Total Sales
2 in Lomita
$1,489,500 Price Range
25626 Lucille Ave Lomita, CA 90717
Lomita AreaEstimated Value: $1,391,000 - $1,641,000
5
Beds
5
Baths
3,396
Sq Ft
$442/Sq Ft
Est. Value
Highlights
- All Bedrooms Downstairs
- Lawn
- Rectangular Lot
- Wood Flooring
- Laundry Facilities
About This Home
As of October 2021Four separate Bungalow style units on a large lot. Very clean property that has been well maintained by owner. Each unit has its own private yard. Under $400/sq. ft. 44% rental upside. An astute investor, may want to consider converting the 1,900 sq. ft. 2 bedroom + 2 bath "owner's unit" into a 3 bedroom + 2 bath unit, which should be able to generate higher rent. At Market Rents 13.01 GRM and 5.32 % Cap Rate. Most of the units have very nice original wood flooring. Property is zoned commercial, so city indicated they would not allow the addition on an ADU. Buyer to confirm. Subject to California rent control rules.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 08/23/2021
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 08/23/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 10,911 Sq Ft Lot
- No Common Walls
- Rectangular Lot
- Level Lot
- Lawn
Parking
- 2 Open Parking Spaces
- 3 Car Garage
- Parking Available
- Assigned Parking
Interior Spaces
- 3,396 Sq Ft Home
- Wood Flooring
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 5 Bedrooms
- All Bedrooms Down
- 5 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 114
- Tax Tract Number 848
- Assessor Parcel Number 7373008009
- $1,380 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,698
- Maintenance Expense $3,528
- Trash Expense $1,200
- Water Sewer Expense $2,100
- New Taxes Expense $15,930
- Operating Expense $25,656
- Gross Income $72,000
- Net Operating Income $43,704
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2021
Closed on
Oct 15, 2021
Sold by
Bought by
Seller's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,350,000
Sold Price
$1,310,000
Premium/Discount to List
-$40,000
-2.96%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,899
Avg. Annual Appreciation
2.81%
Original Mortgage
$982,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 23, 2021
Closed on
Aug 25, 2021
Sold by
Bought by
Seller's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,350,000
Sold Price
$1,310,000
Premium/Discount to List
-$40,000
-2.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$982,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 24, 2015
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lomita, CA
-
Ross Gagnon
-
Mark Lear
Mark Lear
WERE Real Estate Inc
(657) 223-8121
353 Total Sales
1 in Lomita
$710,000 Price
-
Rudy Kusuma
Rudy Kusuma
LPT Realty, Inc
(916) 249-4078
152 Total Sales
1 in Lomita
$680,000 Price
-
Drew Teicheira
Drew Teicheira
Harcourts Place
(877) 672-0775
91 Total Sales
1 in Lomita
$720,000 Price
-
Hanna Carlson
Hanna Carlson
Coastal Legacy Realty Group
(844) 605-0084
11 Total Sales
1 in Lomita
$888,335 Price
-
James Kezios
James Kezios
Responds QuicklyDouglas Elliman of California
(949) 867-6909
21 Total Sales
1 in Lomita
$990,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $1,310,000 | North American Title | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $982,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/08/2021 10/08/21 | Sold | $1,310,000 | -3.0% | $386 / Sq Ft |
| 08/26/2021 08/26/21 | Pending | -- | -- | -- |
| 08/23/2021 08/23/21 | For Sale | $1,350,000 | -- | $398 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $22,333 | $1,750,993 | $1,061,208 | $689,785 |
| 2024 | $21,792 | $1,716,660 | $1,040,400 | $676,260 |
| 2023 | $21,410 | $1,683,000 | $1,020,000 | $663,000 |
| 2022 | $7,769 | $553,884 | $248,219 | $305,665 |
| 2021 | $7,688 | $543,024 | $243,352 | $299,672 |
| 2020 | $7,742 | $537,457 | $240,857 | $296,600 |
| 2019 | $7,461 | $526,920 | $236,135 | $290,785 |
| 2018 | $7,222 | $516,589 | $231,505 | $285,084 |
| 2016 | $6,850 | $496,531 | $222,516 | $274,015 |
| 2015 | $6,742 | $489,074 | $219,174 | $269,900 |
| 2014 | $6,756 | $479,495 | $214,881 | $264,614 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Millea
Seller's Agent in 2021
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
(310) 251-2083
45 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21186805
APN: 7373-008-009
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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