25907 Oak Street

Lomita, CA 90717

$8,800,000
Price
2
Beds
46
Baths
23,312 Sq. Ft.
$377 / Sq. Ft.
23,312
Sq. Ft.
$377
per Sq. Ft.

Description

25907 Oak Street is a 23-unit multifamily investment property located in Lomita, CA. 25907 Oak Street consists exclusively of two-bedroom townhomes and offers desirable amenities including garage and surface parking, on-site laundry, private patios, and gated access. Additionally, the property presents an opportunity to add one accessory dwelling unit (ADU) to further increase rental income. 25907 Oak Street is within 1 mile of Rolling Hills Plaza, providing residents with convenient access to a...25907 Oak Street is a 23-unit multifamily investment property located in Lomita, CA. 25907 Oak Street consists exclusively of two-bedroom townhomes and offers desirable amenities including garage and surface parking, on-site laundry, private patios, and gated access. Additionally, the property presents an opportunity to add one accessory dwelling unit (ADU) to further increase rental income. 25907 Oak Street is within 1 mile of Rolling Hills Plaza, providing residents with convenient access to a plethora of retail, dining, and entertainment options. Additionally, the property is just over 1 mile from Ken Malloy Harbor Regional Park, one of the largest parks in all of Los Angeles County, which gives residents the opportunity to enjoy numerous outdoor activities. 25907 Oak Street benefits from its location 1.80 miles away from Los Angeles Harbor College, a major economic and housing driver for the area. Furthermore, Pacific Coast Highway and Western Avenue’s close proximity to the property allow residents easy access to employment hubs throughout the South Bay. The property’s ideal South Bay location surrounded by an abundance of recreational, entertainment, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 25907 Oak Street.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 25907 Oak Street

Parking Spaces Total
38
Private Pool
No
Total Units
23.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
23312
Assessor Parcel Number
7553-006-022
Property Attached YN
false
LISTING UPDATED: 10/10/2024 06:51 AM

Property Details for 25907 Oak Street

StatusActive
MLS #OC24210741
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Building Information for 25907 Oak Street

Building/Complex25907 Oak StFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-

Property Information for 25907 Oak Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $693,570
  • Gross Scheduled Income: $668,760
  • Vacancy Allowance: 20063
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $648,697
  • Net Operating Income: $442,865
  • Other Income Description: Misc
  • Other Income 1: $24,810
  • Gross Multiplier: 12.69
  • Cap Rate: 5.03
Expense Details
  • Operating Expense: $230,642
  • Operating Expense Percent: 34.20%
  • New Taxes Expense: $104,401
  • Fuel Expense: $6,910
  • Electric Expense: $6,910
  • Insurance Expense: $20,000
  • Maintenance Expense: $16,100
  • Professional Management Expense: $23,573
  • Other Expense: $38,928
  • Other Expense Description: Misc
  • Trash Expense: $6,910
  • Water Sewer Expense: $6,910
  • Total Expenses: $230,642
Tax / Assessment Info
  • Tax Tract Number: 848
  • Tax Census Tract: 6701.02
  • CFD/Mello-Roos Fee: $7,528
  • Tax Lot: 163
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 23
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 26
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 26
  • Carport Spaces: 8
Unit Information
Unit 1
  • Unit Type Units Total: 23
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 26
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $55,730
  • Unit Type Total Rent: $55,730
  • Unit Type Pro Forma: 66585
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 8
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1

Property History for 25907 Oak Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 25907 Oak Street

Taxable ValueLand$3,468,000Additions$5,100,000Total$8,568,000
Tax Record2024$109,177 ($9,098 / month)
Home Facts
Total Finished SqFt23,312 SqFtAbove Grade Finished SqFt23,312 SqFtLot Size41,249 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLORVD1500*CountyLOS ANGELESAPN7553-006-022

Schools near 25907 Oak Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Eshelman Avenue Elementary School
PublicK to 5

Nathaniel Narbonne Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

25907 Oak Street is a multi-family home for sale in Lomita, CA 90717. This property was listed for sale on October 10, 2024 by Marcus & Millichap RE Invest, it's currently listed at $8,800,000. It has been on the market for a total of 26 days and was last sold on May 11, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Eshelman Avenue Elementary School, William J. Johnston Community Day School and Nathaniel Narbonne Senior High School. 25907 Oak Street is a 2-bed, 46-bath, 23,312 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.