25332 Narbonne Avenue, Lomita, CA 90717

$1,200,000 Approx. USD 0 beds, 0 baths
6,375 sqft

Agent Remarks

EXCELLENT VALUE ADD OPPORTUNITY, PRICED AT $70,000 UNDER MOST RECENT APPRAISAL! Two Story Professional Office Building located on a very visible corner property. This building was the original Lomita City Hall Municipal Building". There is lots of commercial development & redevelopment taking place in Lomita. Excellent owner user or investment property with good upside potential. There is space which is being kept available so that a new owner user can move in. The street front 1st floor unit is currently available & the other two 1st floor units are month to month Upstairs are 4 units including a dental office. Fifteen parking spaces in an onsite parking lot plus street parking on both Narbonne Ave & 253rd Pl. Lomita is located in the South Bay between LAX & the Port of LA with Torrance to the west & north, Palos Verdes to the south & Los Angeles Gateway to the east. The building has roof mounted HVAC, heating, ventilation & air conditioning units, video security system plus re-roofed recently. Two stairways for convenient access. A Owner-User may be able to do SBA financing with low down payment. This property would be an excellent choice for a 1031 Tax Differed Exchange Up-Leg & Seller can close quickly. Original construction drawing plans available.

Listing Details

Property type: (Commercial)
Status: Active Under Contract
MLS# SB16139704
List price is $1,200,000 Reduced by $100,000 on 8/4/2016
Beds: 0
Baths: 0
Built in 1965
6,375 sqft
0.20 acres
Lot size: 9021.000
County: Los Angeles
Heating description: See Remarks
MLS area: 121 - Lomita

Last Updated: 10/14/2016

 Find more Lomita homes and real estate

 Find more homes in 90717 zip code

This listing belongs to the 121 - Lomita MLS area

Lat/Long: 33.794472, -118.319618.
Find nearby listings

Broker: Courtesy of Kivett Realty
Listing Agent: George Kivett

Area Map

Nearby Schools

Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

Similar Listings