NOT LISTED FOR SALE

25907 Walnut St Lomita, CA 90717

Lomita Area

Estimated Value: $1,277,000 - $1,400,000

4 Beds
3 Baths
2,333 Sq Ft
$575/Sq Ft Est. Value

Sale Details

Date Sold: August 29, 2024

Last sale price $1,350,000 $579 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,790 / mo

27 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • 3 Car Direct Access Garage
  • Corner Lot
  • Neighborhood Views
  • 1-minute walk to Louis and William J. Teuchert Park

About This Home

As of August 2024

Located on the corner of Walnut St and 259th Pl, this is an excellent opportunity to own a well maintained 3-unit property as an investment or great for an individual looking to build a real estate portfolio starting with an owner-occupied unit. Comprising of three individual buildings on one parcel in an outstanding location in the Lomita Pines area, these units are close to public transportation and walking distance to schools, shops, and restaurants. 25907 Walnut St. is a two story 1220sf SFR built in 1979 with a soaring cathedral ceiling and loft to a second-floor master suite. There is a deck off the master with east facing views. A laundry room is also located off of the kitchen. The second building, 25911 Walnut St., is 324sf, it is a one-bedroom unit, built in 1947 and sits above a two-car garage. This unit was completed renovated in 2020; upgrades include, new electrical, plumbing, floors, kitchen, bathroom and water heater. The third building, 1905 W 259th Pl., is a one-level, 789sf SFR built in 1929. This sits on the corner of 259th and Walnut and has a laundry room. It was recently upgraded this spring including painting, floors and bathroom vanity. Don't miss the great opportunity to invest Lomita and close to the Beach Cities!

Last Agent to Sell the Property

Jack Fleming

Coldwell Banker Residential Br Brokerage Phone: 310-748-5206 License #01946212 Listed on: 06/19/2024

Coldwell Banker Residential Br

Last Buyer's Agent

Santos Aleman

Santos Aleman Real Estate License #01111649

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 7,175 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Corner Lot
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Driveway

Home Design

  • Triplex
  • Entry on the 2nd floor
  • Composition Roof

Interior Spaces

  • 2,333 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Neighborhood Views
  • Laundry in unit

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 4609
  • Assessor Parcel Number 7553012016
  • $955 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $600
  • Gardener Expense $3,000
  • Insurance Expense $2,640
  • Maintenance Expense $3,600
  • Trash Expense $360
  • Water Sewer Expense $1,200
  • New Taxes Expense $18,750
  • Operating Expense $30,150
  • Gross Income $87,540
  • Net Operating Income $57,390

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

7,175 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LOR1*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 7553012016
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: No
  • Entry Level: 2
  • Levels: One, Two
  • Price Per Square Foot: 578.65
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Level with Street, Level, Near Public Transit
  • Lot Size Sq Ft: 7175.00
  • Lot Size Acres: 0.1647

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 87540.00
  • Gross Scheduled Income: 87540.00
  • Insurance Expense: 2640.00
  • Lot Size Area: 7175.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 57390.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 30150.00
  • Rent Control: Yes
  • Total Actual Rent: 1495.00
  • Total Expenses: 30150.00

Tax Info

  • New Taxes Expense: 18750.00
  • Tax Census Tract: 6701.01
  • Tax Lot: 2
  • Tax Tract Number: 4609
  • TaxOtherAnnualAssessmentAmount: 955.00

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
Jun 19, 2024
Closed on
Aug 20, 2024
Sold by
Bought by
Seller's Agent
Jack Fleming
Coldwell Banker Residential Br
Buyer's Agent
Santos Aleman
Santos Aleman Real Estate
List Price
$1,500,000
Sold Price
$1,350,000
Premium/Discount to List
-$150,000
-10%
Views
18
Current Estimated Value
$1,341,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,033
Avg. Annual Appreciation
-0.31%
Original Mortgage
$910,000
Interest Rate
0.0677%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$1,350,000 Progressive Title
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
Open $910,000
Closed $910,000
Previous Owner $328,700
Previous Owner $241,000
Previous Owner $250,000
Previous Owner $100,000
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
08/29/2024 08/29/24 Sold $1,350,000 -10.0% $579 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $1,500,000 -- $643 / 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 $17,048 $1,350,000 $950,000 $400,000
2024 $2,885 $162,179 $46,836 $115,343
2023 $2,844 $159,000 $45,918 $113,082
2022 $2,736 $155,883 $45,018 $110,865
2021 $2,705 $152,828 $44,136 $108,692
2020 $2,717 $151,262 $43,684 $107,578
2019 $2,633 $148,297 $42,828 $105,469
2018 $2,570 $145,390 $41,989 $103,401
2016 $2,413 $139,746 $40,359 $99,387
2015 $2,377 $137,648 $39,753 $97,895
2014 $2,391 $134,953 $38,975 $95,978
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24105346

California Regional Multiple Listing Service (CRMLS)

APN: 7553-012-016

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