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In-PersonVirtual Tour
$ 1,220,000
Est. payment | /mo
5,706 Sqft Lot
$ 1,220,000
Est. payment | /mo
5,706 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26102248
HOA Y/N No
Year Built 1955
Lot Size 5,706 Sqft
Property Description
Fully leased commercial investment at the signalized intersection of Pacific Coast Highway and Walnut Street in Lomita. The property features approximately 2,294 SF across two suites on a 5,706 SF lot, with six parking spaces (includes one ADA space). Tenants include KANZEN MEAL (U.S.A.), INC., a subsidiary of Nissin Foods, and Yadidi Law Firm, with additional billboard income from OUTFRONT Media. Both suites feature NNN leases with scheduled annual rent increases. Based on rents effective November 5, 2026, annualized NOI is approximately $85,408, representing a 7.0% cap rate at the $1,220,000 asking price, based on owner-confirmed reimbursement of all property operating expenses. Recent improvements include a roof replacement in 2024, insulation and radiant barrier installation and parking lot sealcoating and restriping in 2025, and exterior painting in 2026. A compelling opportunity to acquire an income-producing property along Pacific Coast Highway. Please do NOT disturb or contact tenants. Showings are available only following acceptance of an offer and must be coordinated through the listing agent. Buyer to independently verify all property and financial information.
Location
State CA
County Los Angeles
Area 121 - Lomita
Zoning LOCG*
Interior
Heating Central, Heat Pump
Fireplace No
Exterior
Utilities Available Cable Available, Natural Gas Available, See Remarks
Total Parking Spaces 6
Building
Story 1
Water Public
Others
Tax ID 7375021006
Special Listing Condition Standard
Listed by Bobby Babai Turnstone Realty #01467440
NEARBY SCHOOL & BUSINESS