25907 Oak StLomita, CA 90717

Property Details for 25907 Oak St

Year built

1964

Construction

WOOD

Lot size

0.95 AC

Property size (Sq ft)

23,312 SF

Zone code

LORVD1500*

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

7553-006-022

APU

7553006022

Description

This exceptional 23-unit apartment building in Lomita, California presents a compelling investment opportunity. The property, situated on a 0.95-acre lot, comprises eight two-story buildings totaling 23,312 square feet of net rentable space. Each unit is a two-bedroom townhome featuring a private patio, contributing to high tenant satisfaction. Ample parking is available with a combination of garage, carport, and surface spaces. On-site laundry facilities provide an additional revenue stream. The property boasts a strong current NOI of $442,865, with a pro-forma NOI projected at $582,735, reflecting a potential for increased profitability. The asking price is $8,800,000, representing a price per unit of $382,609 and a price per square foot of $377.49. Built in 1964, the property's location offers significant advantages. It's within one mile of Rolling Hills Plaza, a major retail center, and just over a mile from Ken Malloy Harbor Regional Park. Proximity to Los Angeles Harbor College further enhances its appeal. The property's location near major transportation arteries and employment hubs in the South Bay ensures consistent tenant demand. The potential to add an accessory dwelling unit (ADU) presents an additional avenue for revenue growth. This property offers a blend of strong current performance and significant upside potential. Drive-by only

• CAP approach

  CAP return

  Valuation

  6%

  $9,187,995

  6.5%

  $8,481,226

  7%

  $7,875,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,717,592

  Geo Method

  $8,717,592

• Alternative Use

  Use

  Valuation

  Residential

  $8,481,226

  Hospitality

  $7,768,757

  Educational

  $6,463,515

  Medical

  $6,685,805

  Retail

  $10,054,356

Location Insight

City

Lomita

County

Los Angeles

State

California

Latitude

33.7879

Longitude

-118.318

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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