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24630 Narbonne Avenue

Lomita, CA 90717
  • $1,200,000
  • STATUS: Active
  • ON SITE: 98 Days
  • MLS #: PV26138823
UPDATED: 140 min ago
$1,200,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

Listing Agent(s): Jessiqa Pace of Compass (310-241-3038) and Tadashi Kondo of Compass(310-241-3038)


Description

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.Downtown Commercial 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. Permits and planning have been approved for a new facade 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-06T00:27:19.483. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/178272601
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24630 Narbonne Avenue Lomita, CA 90717

  • Price: $1,200,000
  • Status: Active
  • On Site: 98 Days
  • Updated: 140 min ago
  • MLS #: PV26138823
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1979
Built
Neighborhood:
121 - Lomita
County:
Los Angeles
Area:
121 - Lomita
Property Description
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.Downtown Commercial 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. Permits and planning have been approved for a new facade 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.
Exterior Features

Entry Level 1 Lot Features 2-5 Units/AcrePavedRectangular LotStreet Level Open Parking Spaces 7 Parking Total 7

Interior Features

Cooling Central Air Cooling YN Yes

Property Features

Additional Parcels YN No Cap Rate 6.76 Common Interest None Electric Expense 6400 Exclusions Chandelier in the store space. Perimeter fence in parking lot. ALL store furnishings and merchandise. Dyson hand dryers in bathrooms. Gross Scheduled Income 84000 Insurance Expense 1490 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanContractSubmit Maintenance Expense 3000 Net Operating Income 57487 Operating Expense 54967 Property Sub Type Retail Special Listing Conditions Standard Tax Year 2025 Utilities Electricity ConnectedSewer ConnectedWater Connected Vacancy Allowance 2520 Vacancy Allowance Rate 3 Water Sewer Expense 400 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-06T00:27:19.483. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Jessiqa Pace of Compass (310-241-3038) and Tadashi Kondo of Compass(310-241-3038)