24123 Narbonne Avenue Lomita, CA $ 1,390,000
24123 Narbonne Avenue
$ 1,390,000
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24123 Narbonne Avenue

Lomita, CA, 90717
$ 1,390,000
Baths0.0 Sq 1,540

Monthly Estimate*

$ 9,710

Listed by Re/Max Estate Properties
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Studio

Commercial Property for sale in Lomita, CA

for $1,390,000. This 1,540 square foot building was built in 1961 on a lot size of 0.1465.

Introducing an unparalleled opportunity in the heart of Lomita. Welcome to 24123 Narbonne Avenue, a captivating and meticulously crafted property poised on a sprawling 6,382-square-foot lot, featuring a meticulously designed building spanning 1,540 square feet. Nestled on the coveted West side of Narbonne Avenue, this property commands attention with its exceptional visibility and prime frontage along a bustling, pedestrian-friendly thoroughfare. Boasting a versatile layout, the building is currently outfitted with a full-service bar and two well-appointed bathrooms and sustains a 10-year old roof. Step outside onto the inviting front patio, complete with bar seating, offering the perfect setting for al fresco gatherings. Enhancing the ambiance, a sizable window effortlessly transforms into an open-air experience, seamlessly blending indoor comfort with outdoor allure. A rear door leads to a private back space, ideal for hosting exclusive events, while providing access to ample parking accommodations. With eight dedicated parking spaces, including one handicap-accessible spot, and ample room for potential expansion, this property ensures flexibility for future growth and adaptation to evolving needs. Don't miss this rare opportunity to secure a prime commercial space in one of Lomita's most sought-after locations. Discover the endless possibilities that await at 24123 Narbonne Avenue. Currently holding a long term stabilized tenant.

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Commercial Active

Price

$ 1,390,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,000

Style

MixedUse

Lot Size

0.1465

Year Built

1961

Town/City

Lomita

County/Region

Los Angeles

MLS | Web ID

SB24066785

Days on Market

41

Features
Exterior
Lot Features Item01UnitAcre
Water Source Public
Lot Size Area 6382.0
Spa N
Building Area Total 1540.0
Lot Size Acres 0.1465
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Year Built 1961
Property SubType MixedUse
County Los Angeles
Net Operating Income 63000.0
Operating Expense 9000.0
Insurance Expense 3000.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions East on Lomita Blvd North on Narbonne Avenue
City Lomita
View Y/N N
Senior Community Y/N N
Total Units 1
MLS Area 121 - Lomita
Lot Size Square Feet 6382.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Narbonne
Listing Terms Cash CashtoNewLoan Conventional FHA Submit
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 6000.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Owner
Property Sub Type Additional MixedUse
Cap Rate 4.5
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 24123
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* Excluded Features
List By
Re/Max Estate Properties

Broker

(310) 937-5700

Phone

Affordability Calculator

$10,210
Per Month
95%
5%
0%
Monthly Principal & Interest
$9,710
Monthly Property Taxes
$500
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/4/2024$1,390,000 Listed Price

Map


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24123 Narbonne Avenue, Lomita, CA, 90717 is a Commercial Property for sale at $1,390,000 with 1,540 sqft and a lot size of 0.1465. 24123 Narbonne Avenue is a studio with 0.0 baths and was built in 1961. The property's zip code is 90717 which is in Lomita, CA