Listed by Richard Oberlander with Richard Oberlander, Broker

25619 Oak Street

Lomita, CA, 90717

$1,980,000

$520 per ft²
$1,980,000
$520 per ft²
Active
Active
 - For Sale
carpenters-square
3,802 ft²
property_type
Multi-family
calendar
Built 1958
8 Unit 1 Level Building with 7x Studios and 1x 2Bed/1Bath Units. The 3802 sqft building is on a low maintenance 10525 sqft lot. The property is located at a highly convenient Lomita location that is walking distance to Shops, Restaurants, and Shopping Plazas that's along PCH and Western- thus making it very ideal location for tenants of all ages who values the walking convenience to places. The building itself has individual meter for electricity and gas and individual shut off for each unit already (possible to install individual water meter* buyer to verify). Each of the unit does need some TLC but there is no issue with any electrical, plumbing, and framing. The property has a very low maintenance required since it is a no thrill property- no garden/no grass, it is mostly cemented public area. There is no carport nor garage; each tenant simply has parking outside their unit (with additional space for guest parking as well). All units are very basic and has very little that requires maintenance. This building has always been privately managed by owner, there has been many long term tenants with great upside potential to rent. This is the ideal income property who is looking for a low maintenance property with good cash flow that's in the Torrance, Rolling Hills, Palos Verdes, and Redondo Beach area.
MLS® ID:
SB23038625
Listed:
2/28/23
Updated:
3/27/23
Stroyke Properties - Bayside Real Estate

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area, Laundry Room
Fireplace
None
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
10,525 ft² lot
Lot Details
0-1 Unit/Acre
Roof
Flat
Sewer
Public Sewer

Other Property Details

Area Name
121 - Lomita
Association Amenities
Suburban, Sidewalks
Garage
No
Parking
None
Parking Total
13.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
1
Zoning
LOR1P*
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/27/23. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/27/23 at 5:00 PM UTC

Stroyke Properties - Bayside Real Estate
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