25907 Oak St
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25907 Oak St
23 Unit Block of Flats £6,893,040 (£299,697/Unit) 5.03% Net Initial Yield Lomita, CA 90717
Investment Highlights
- Offers Exclusively Two-Bedroom Townhome Floor Plans | Each Unit Features a Private Patio
- Potential for One Accessory Dwelling Unit (ADU)
- Within 1 Mile of Rolling Hills Plaza, a 500,000 sq. ft. Retail Center, Anchored by Whole Foods, Trader Joe’s, & AMC Theaters
- Ample Garage, Carport, & Surface Parking | On-Site Laundry Provides an Additional Revenue Stream
- Premier South Bay Location, Just North of Rolling Hills Estates
- Close Proximity to Parks & Schools Including Los Angeles Harbor College
Executive Summary
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 25907 Oak Street, 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.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent*
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.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent*
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £523,840 | £22.47 |
Other Income | £19,434 | £0.83 |
Vacancy Loss | £15,715 | £0.67 |
Effective Gross Income | £527,558 | £22.63 |
Taxes | £81,777 | £3.51 |
Operating Expenses | £98,885 | £4.24 |
Total Expenses | £180,662 | £7.75 |
Net Operating Income | £346,896 | £14.88 |
Financial Summary (Actual - 2024)
Gross Rental Income | |
---|---|
Annual | £523,840 |
Annual Per SF | £22.47 |
Other Income | |
---|---|
Annual | £19,434 |
Annual Per SF | £0.83 |
Vacancy Loss | |
---|---|
Annual | £15,715 |
Annual Per SF | £0.67 |
Effective Gross Income | |
---|---|
Annual | £527,558 |
Annual Per SF | £22.63 |
Taxes | |
---|---|
Annual | £81,777 |
Annual Per SF | £3.51 |
Operating Expenses | |
---|---|
Annual | £98,885 |
Annual Per SF | £4.24 |
Total Expenses | |
---|---|
Annual | £180,662 |
Annual Per SF | £7.75 |
Net Operating Income | |
---|---|
Annual | £346,896 |
Annual Per SF | £14.88 |
Property Facts
Price | £6,893,040 | Apartment Style | Garden |
Price Per Unit | £299,697 | Building Class | C |
Sale Type | Investment | Lot Size | 0.95 AC |
Net Initial Yield | 5.03% | Building Size | 23,312 SF |
Gross Rent Multiplier | 12.69 | Number of Floors | 2 |
No. Units | 23 | Year Built | 1964 |
Property Type | Residential | Parking Ratio | 1.63/1,000 SF |
Property Subtype | Apartment |
Price | £6,893,040 |
Price Per Unit | £299,697 |
Sale Type | Investment |
Net Initial Yield | 5.03% |
Gross Rent Multiplier | 12.69 |
No. Units | 23 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 0.95 AC |
Building Size | 23,312 SF |
Number of Floors | 2 |
Year Built | 1964 |
Parking Ratio | 1.63/1,000 SF |
Unit Amenities
- Balcony
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+1.5 | 23 | - | 1,014 |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
Parcel Number | 7553-006-022 | Total Assessment | £6,711,314 |
Land Assessment | £2,716,484 | Annual Taxes | £81,777 (£3.51/sf) |
Improvements Assessment | £3,994,830 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
7553-006-022
Land Assessment
£2,716,484
Improvements Assessment
£3,994,830
Total Assessment
£6,711,314
Annual Taxes
£81,777 (£3.51/sf)
Tax Year
2024 Payable 2024
zoning
Zoning Code | RVD1500, Lomita |
RVD1500, Lomita |
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25907 Oak St
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