3 months on rocket

25719 Walnut St, Lomita, CA, 90717

$1,165,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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25719 Walnut St, Lomita$1,165,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage1 space
Year Built1946
MLS #SB24039682
Lot Size0.12 Acres
StatusActive

About 25719 Walnut St

Major price revision, 5 unit apartment building in Lomita! Prime South Bay market where multifamily properties rarely become available. Well located just North of Pacific Coast Highway in-between Eshelman Avenue and Western Avenue. Wrap-around corner lot with highly sought after layout: (1) front detached house (950 s.f.) with (4) 1 bedroom/1 bath units in the rear (500 s.f. each). Features newer roofs and new individual water heaters for each unit. The house was taken down to the studs and updated/remodeled (2005). 1 of 4 apartment units have been rehabbed (2020). Apartment tenants receive a storage locker 5 x 7 included in their rent located in the parking area and there is an additional structure attached to the rear of the building generating additional monthly storage income. Steady day 1 cash flow + significant rental upside: 5.09% cap rate, 6.45% proforma.

Property Details

Property Features

Property Information:

  • Year Built: 1946
  • Stories: 2

Listing Office:

  • Office Name: Avenue Realty Group
  • Office Phone: (310) 384-8692
  • Listing Agent: John Mociak

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

School Info

Assigned Schools Information:

  • Nathaniel Narbonne Senior High School, Public Magnet Grades 9-12
  • Humanities and Arts (Harts) Academy of Los Angeles, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Alexander Fleming Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Eshelman Avenue Elementary School, Public District Grades KG-5
  • Point Fermin Elementary School, Public Magnet Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: Just North of PCH, in-between Eshelman and Western. The property is located on the wraparound residential corner of Bland Place and Walnut Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,165,000

Tax Information:

  • Annual Amount: $6,915
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lomita, CA.

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Lomita, CA

City

Med. Sold Price

$858.5K

Med. Price/SqFt

$555

Avg. Days On Market

10

# of Sold Homes

7

25719 Walnut St vs Lomita

94 DAYS ON ROCKET

+84 Days

$1,165,000

+$306.5K More

KEY TAKEAWAY

This property is $306.5K more than the Median Sold Price in Lomita, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24039682

Listing Office:

  • Office Name: Avenue Realty Group
  • Office Phone: (310) 384-8692
  • Listing Agent: John Mociak

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 3:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 03, 2002Home Sold
$335,000
Dec 03, 1991Home Sold
$409,090

Tax History

YEARPROP. TAXASSESSMENT
2021$6,915$448,226
2020$6,722$443,631
2019$6,597$434,933
2018$6,434$426,406
2017$6,434$418,046

History based on county public records data.

Payment Calculator

$5,882

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,559

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6012343
6
/10

  • Eshelman Avenue Elementary School

  • 25902 Eshelman Ave

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-6012344
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 5.39 miles

  • Public Magnet Grades KG-5

school-card-donut-6012345
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 20.42 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-6012346
6
/10

  • Alexander Fleming Middle School

  • 25425 Walnut St

  • 0.19 miles

  • Public Magnet Grades 6-8

school-card-donut-6012347
4
/10

  • Studio

  • 2211 W Avenue 30

  • 22.16 miles

  • Public District Grades 6-8

High School

school-card-donut-6012348
6
/10

  • Nathaniel Narbonne Senior High School

  • 24300 Western Ave

  • 1.00 miles

  • Public Magnet Grades 9-12

school-card-donut-6012349
5
/10

  • Humanities and Arts (Harts) Academy of Los Angeles

  • 24300 Western Ave

  • 1.00 miles

  • Public District Grades 9-12

school-card-donut-6012350
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 18.04 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,778. Most Lomita, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 25719 Walnut St

What is the listing price of this property?

The listing price of 25719 Walnut St property is $1,165,000.

What type of property is this?

The property 25719 Walnut St is a condo located in Lomita, California, 90717.

Is this property for sale now?

Active Listing: 25719 Walnut St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 25719 Walnut St are:
Eshelman Avenue Elementary School: GreatSchools Rating 6/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Alexander Fleming Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
Nathaniel Narbonne Senior High School: GreatSchools Rating 6/10
Humanities and Arts (Harts) Academy of Los Angeles: GreatSchools Rating 5/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,915 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 3, 2002 for $335,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 25719 Walnut St is 1946.

Rocket Homes›California›Los Angeles County›Lomita›90717›25719 Walnut St

This home is located at 25719 Walnut St in Lomita, CA and zip code 90717 in the South Bay neighborhood. This home, which was built in 1946, sits on a 0.12 acre lot. It has been listed on Rocket Homes since February 27, 2024 and is currently priced at $1,165,000.

In April 2024 more than 4 listings in Lomita, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 2 were sold below. Between March 2024 and April 2024, Lomita, CA real estate market has seen decrease in the number of listings by 28.1%. In April 2024, listings were on the market for 10 days. During the same period, the median list price in this real estate market was $858,500.

From Rocket Homes Real Estate and based on county public records data.

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