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Jessamine Walker

jessamine@walkerpropertygroupca.com +1(949) 241-2927

$ 1,220,000

Est. payment | -/mo

5,706 Sqft Lot

Save

$ 1,220,000

Est. payment | -/mo

Save

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Bobby Babai Turnstone Realty #01467440

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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1903 PACIFIC COAST HWY Lomita, CA 90717