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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*

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
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
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 27045421

  • Date on Market: 04/11/2022

  • Last Updated:

  • Address: 25907 Oak St, Lomita, CA 90717

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