2 months on rocket

25907 Oak St, Lomita, CA, 90717

$8,800,000

0 Baths
Condo

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
Garage26 spaces
Year Built1964
MLS #OC24210741
Lot Size0.95 Acres
StatusActive

About 25907 Oak St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 2

Listing Office:

  • Office Name: Marcus & Millichap RE Invest
  • Office Email: tleeson@marcusmillichap.com
  • Listing Agent: Tyler Leeson

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 26 spaces

Lot Features

Lot Information:

  • Lot Size: 0.95 Acres

Other

Directions Information:

  • Directions: Cross Streets of Oak Street & Pacific Coast Highway

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,800,000

Tax Information:

  • Annual Amount: $49,098
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$857K

Med. Price/SqFt

$549

Avg. Days On Market

44

# of Sold Homes

7

25907 Oak St vs Lomita

72 DAYS ON ROCKET

+28 Days

$8,800,000

+$7.9M More

KEY TAKEAWAY

This property is $7.9M 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: #OC24210741

Listing Office:

  • Office Name: Marcus & Millichap RE Invest
  • Office Email: tleeson@marcusmillichap.com
  • Listing Agent: Tyler Leeson

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: 12/21/2024, 7:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$49,098$3,602,829
2020$47,619$3,565,887
2019$46,539$3,495,969
2018$45,592$3,427,421
2017$45,592$3,360,217

History based on county public records data.

Payment Calculator

$43.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$26.4K

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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.

Nearby Schools

school-card-donut-769952
6
/10
  • Eshelman Avenue Elementary School

  • 25902 Eshelman Ave

  • 0.21 miles

  • Public District Grades 1-5

school-card-donut-769953
6
/10
  • Harbor City Elementary School

  • 1508 254th St

  • 0.91 miles

  • Public District Grades KG-5

school-card-donut-769954
8
/10
  • Lomita STEAM Magnet

  • 2211 247th St

  • 0.93 miles

  • Public Magnet Grades KG-KG

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,227. The majority of Lomita, CA residents have income between $35k-100k annually. 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 25907 Oak St

What is the listing price of this property?

The listing price of 25907 Oak St property is $8,800,000.

What type of property is this?

The property 25907 Oak St is a condo located in Lomita, California, 90717.

Is this property for sale now?

Active Listing: 25907 Oak St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $49,098 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 25907 Oak St is 1964.
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Rocket HomesCaliforniaLos Angeles CountyLomita9071725907 Oak St

This home is located at 25907 Oak St in Lomita, CA and zip code 90717 in the South Bay neighborhood. This home, which was built in 1964, sits on a 0.95 acre lot. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $8,800,000.

In November 2024 more than 3 listings in Lomita, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 2 were sold below. The number of listings in Lomita, CA decreased by 29.2% between October 2024 and November 2024. Listings spent 44 days on the market in November 2024, and had a median list price of $857,000 during the same period.

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

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