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24123 Narbonne Ave, Lomita, CA 90717
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24123 Narbonne Ave Lomita, CA 90717

$1,300,000
  • -- Beds
  • -- Baths
  • 1,540 Sq.Ft.
For Sale
$1,300,000 Get Pre-Qualified
Map preview of 24123 Narbonne Ave, Lomita, CA 90717

Property Overview: 24123 Narbonne Ave Lomita, CA has -- bedrooms, -- bathrooms, 1,540 living square feet and 6,382 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Charles Fisher | BRE #01731424 | Re/Max Estate Properties
Last checked: 3 minutes ago | Last updated: May 16th, 2024 | Source CRMLS | DOM: 158
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Home details

Lot Sq. Ft
6,382
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
SB24066785
City
Lomita
County
Los Angeles
Time on Site
167 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $6,000
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $63,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,000
  • Insurance: $3,000

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Property Details for 24123 Narbonne Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 1
  • Parcel Number: 7374012032
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East on Lomita Blvd, North on Narbonne Avenue
View more facts & features

Local Lomita Agent

Sale History for 24123 Narbonne Ave

Last sold for $401,500 on August 20th, 2009

  • April, 2024

  • Apr 4, 2024

    Date

    Active

    CRMLS: SB24066785

    $1,390,000

    Price

  • February, 2024

  • Feb 1, 2024

    Date

    Expired

    CRMLS: SR23133203

    $1,500,000

    Price

  • Jul 19, 2023

    Date

    Active

    CRMLS: SR23133203

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Blas Property Group is proud to introduce a prime commercial property in the heart of Lomita, CA, boasting exceptional potential and a highly desirable location. This offering presents an incredible investment opportunity with a stable, long-term tenant in place—an established and popular beer and wine Alehouse. Situated in a central area, this property has become a staple within the city, attracting a loyal customer base and generating consistent foot traffic.

  • July, 2023

  • Jul 6, 2023

    Date

    Expired

    CRMLS: DW23047505

    $1,500,000

    Price

  • Apr 4, 2023

    Date

    Active

    CRMLS: DW23047505

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    This is a once in a lifetime investment opportunity to purchase an extremely well-built bar/ tavern stand alone building with it's own private parking lot. The commercial tenant is the "Lomita Ale House" with initial lease term expiring in 2024. This bar has been granted conditional use permits that allow only this establishment to operate as a full bar with dining and live entertainment open 7 days a week until 2am, a patio that allows smoking, a retro vintage sign embarking over 5 feet, and private gated parking. This is a perfect location due to the lack of dining and live entertainment along this stretch of Narbonne Ave. with no direct competition allowing owners to charge premium rent. This Thriving area of Lomita boasts a median household income of over $91,000. This densely populated neighborhood with over 25,000 people within a one mile radius has newly constructed developments that has significantly increased the bar's exposure throughout the years. Inside the tavern, you will find a wrap around bar with a small dining area, and a separate area reserved for pool tables. In the back of the property you will find 4,842 sq. ft. of parking space, that is used in the summer for a live entertainment stage with appearances by Sublime with Rome and Tomorrow's Bad Seeds. The property is zoned commercial general, there is so much potential for this property to generate additional income such as adding an EV Charging station, or possibly adding to the building, buyers are advised to contact the Planning and Building Department for zoning, restrictions and usage.

  • August, 2009

  • Aug 20, 2009

    Date

    Sold (Public Records)

    Public Records

    $401,500

    Price

  • August, 2002

  • Aug 26, 2002

    Date

    Sold (Public Records)

    Public Records

    $257,000

    Price

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Tax History for 24123 Narbonne Ave

Assessed Value (2020): $473,876
Year Land Value Improved Value Assessed Value
2020 $295,068 $178,808 $473,876

Home Value Compared to the Market

This property vs the competition

24123 Narbonne Ave is listed 59.51% higher than the median list price for the city of Lomita which has a median list price of $815,000. The median price per/sqft for Lomita is $584 and this home is listed at $844.16 per/sqft which puts the price per square foot 44.55% higher than the median price per square foot for the city of Lomita.

About 24123 Narbonne Ave

Detailed summary of property

24123 Narbonne Ave is a mixed use located in Lomita, CA 90717 and is currently for sale. This mixed use property offers -- bedrooms, -- bathrooms, roughly 1,540 living square feet, and sits on an approximately 6,382 square foot lot. 24123 Narbonne Ave was first listed on ArdentRealEstateGroup.com on April 4, 2024. The homeowner is currently asking $1,300,000 and was originally asking $1,390,000. The median priced home in Lomita is $815,000 with a median price per square foot of $584. Based on Ardent Real Estate Group's Lomita Market Data, this home is listed 59.51% higher than the median priced home. Local competing homes currently for sale include 8201 Central Ave, 3956 W Slauson Ave and 2600 W 54th St. While the average home in Lomita, CA is selling in 32 days, 24123 Narbonne Ave has a days on market of 158 days. There are currently 40 homes for sale in the Lomita real estate market and 26 of them are single family homes while 7 of them are condos and 7 are townhomes. For more information on this home for sale at 24123 Narbonne Ave Lomita, CA 90717 contact Ardent Real Estate Group and we will put you in touch with one of our Lomita agents.

Public Facts for 24123 Narbonne Ave

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
1,540
Lot Size
6,381
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
7374-012-032

The source for these homes facts are from public records.

90717 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$815,000
Median List Price/Sq.Ft.
$584
Median Sold Price
$810,000
Median Sold Price/Sq.Ft.
$455
Total Inventory
40
Median Sale to List Price %
102.54%
Avg Days on Market
20
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (42.86%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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