Located in the heart of Downtown Lomita, this prime commercial property is situated on a highly visible lot with a spacious interior and features over 114 feet of frontage on Narbonne Avenue. The building is configured as two separate units, each with its own private entrance, restroom, and air conditioning, making it ideal for an owner-user, multiple tenants, or an investment opportunity. Currently the retail business uses both units in an open concept design. Additional highlights include seven on-site parking spaces, ADA-compliant restrooms, a new A/C unit serving the north side of the building, and a rear office with its own private entrance and plumbing for a hair salon.
LOCG zoning, the property supports a wide variety of commercial uses and may offer the potential for second-story residential development, creating additional value and long-term investment potential (buyer to verify). With an estimated traffic count of over 800 vehicles per hour along Narbonne Avenue, the property benefits from outstanding exposure. The owner is currently in the process of renovating the building's façade, giving the property a fresh new look that will further enhance its curb appeal. Offered vacant at closing. For the complete financial profile, please see the offer memorandum.
Property Sub Type:
Retail
Lot Area:
5,969 sq. ft.555 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1979
(Age: 47)
General Listing Location:
Lomita, 121 - Lomita
County Or Parish:
Los Angeles
Common Interest:
None
Gross Scheduled Income:
$84,000
Net Operating Income:
$57,487
Cap Rate %:
6.76
Electric Expense:
$6,400
Insurance Expense:
$1,490
Maintenance Expense:
$3,000
Operating Expense:
$54,967
Water and Sewer Expense:
$400
Vacancy Allowance:
$2,520
Vacancy Allowance Rate:
$3
Jul 20, 2026
Between 248th and Lomita Blvd
Features Excluded:
Chandelier in the store space. Perimeter fence in parking lot. ALL store furnishings and merchandise. Dyson hand dryers in bathrooms.
Laundry Features:
None
Lot Features:
0-1 Unit/Acre, Paved, Street Level
Current Use:
Commercial
Num Stories:
1
Entry Level:
1
# Units:
2
Cooling:
Central Air
Utilities:
Electricity Connected, Sewer Connected, Water Connected
Water supply:
Public
Uncovered Spaces:
7
Total Parking Spaces:
7
Special Listing Conditions:
Standard
Parcel Number:
7376017022
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Side building signage
Side building signage
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7 parking spots in back
7 parking spots in back
7 parking spots in back
7 parking spots in back
7 parking spots in back
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Current rendering of ongoing front facade renovation.