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25610 Narbonne Avenue, Lomita, CA 90717

Commercial property · 2 recorded sales since 2023

25610 Narbonne Avenue, Lomita, CA 90717 Sold September 2023 CRMLS
$1,050,000Sold September 2023

Listing Agent: Poul Erik Norgaard (DRE #02013555) · Listing Office: Compass · Contact: 310-241-3038 · Bought with: Poul Erik Norgaard · Compass · MLS #SB23071776 · Source: CRMLS

2,686
Building Sq Ft
5
Units
2.87%
Cap Rate
$30,888
NOI
9,736 sqft
Lot Size
1962
Year Built
Commercial property
Type

About this commercial property

Wonderful opportunity to own a well maintained 5-unit mixed-use income property, centrally located in Lomita. This property has a mix of residential and commercial units. There are currently 2 office spaces with entrance off of Narbonne, 1 studio or office with side entry, 1 bedroom / 1 bathroom unit also with side entry, then in the back of the lot a 4 bedroom / 2 bathroom unit with no shared walls. There are a total of 9 parking spots on premises, including a 2-car garage for the 4 bedroom unit and 7 designated parking spots. Currently, the unit that could be a studio apartment or an office is vacant. The 4 bedroom unit has a stove, microwave hood, fridge, dishwasher, and washer/ dryer all included. You?ll also find recessed lighting, laminate floors, and a spacious private backyard with grass and mature fruit trees. The 1 bedroom has its own laundry hookups. The office spaces, units A & B, have their own 1/2 baths and laminate floors. The vacant studio/office has its own 3/4 bath and carpet floors. Commercial leases with 3 two year options remaining on offices offering stable income, 4 bedroom and 1 bedroom units on month-to-month. Huge upside potential. High walk score. Well maintained property, with metered electricity, 4 sub-meters, and low maintenance landscaping.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$1,050,000
Sold September 2023 · listed $1,045,000, on market April 2023 · MLS #SB23071776 · Source: CRMLS
Listing Agent: Poul Erik Norgaard · Listing Office: Compass · Contact: 310-241-3038 · Bought with: Poul Erik Norgaard · Compass
$1,050,000
Sold September 2023 · listed $1,045,000, on market April 2023 · MLS #SB23064779 · Source: CRMLS
Listing Agent: Poul Erik Norgaard · Listing Office: Compass · Contact: 310-241-3038 · Bought with: Poul Erik Norgaard · Compass
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