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Motivated Seller, Submit all offers! 24123 Narbonne Ave 1,540 SF Retail Building Lomita, CA 90717 $1,100,000 ($714.29/SF)
INVESTMENT HIGHLIGHTS
- Unique owner/user opportunity + turn-key!
- Grandfathered entitlements that are tied to the property. Most notably, the ability to serve alcohol until 2 am, 7 nights a week and a smoking lounge.
- Property can be delivered in vacant condition
- Large outdoor patio for additional seating and outdoor venue.
EXECUTIVE SUMMARY
IKON Properties is proud to present an exceptional investment or owner/user opportunity at 24123 Narbonne Ave, Lomita, CA 90717. This property features an established, long-term tenant with a flexible lease in place, providing a stable income stream and adaptability for future plans. Unlock the potential for redevelopment and expansion with the opportunity to build additional units, subject to city zoning verification by the buyer. The property boasts grandfathered entitlements, including a rare license to serve alcohol until 2 AM, seven nights a week, and the unique amenity of a designated smoking lounge. Enhancing its appeal, the property includes a spacious outdoor patio, ideal for additional seating or as a versatile outdoor venue. This distinctive offering is a rare find in the Lomita market and presents a compelling opportunity for investors or operators looking to maximize value.
Don’t miss out on this premier property with unmatched potential—contact us today for more details!
Don’t miss out on this premier property with unmatched potential—contact us today for more details!
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
1,540 SF
Building Class
C
Year Built
1961
Price
$1,100,000
Price Per SF
$714.29
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.15 AC
Zoning
CG
Parking
8 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
49’ on Narbonne Ave
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7374-012-032 | Improvements Assessment | $195,551 |
| Land Assessment | $322,697 | Total Assessment | $518,248 |
PROPERTY TAXES
Parcel Number
7374-012-032
Land Assessment
$322,697
Improvements Assessment
$195,551
Total Assessment
$518,248
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Motivated Seller, Submit all offers! | 24123 Narbonne Ave
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