24123 Narbonne Avenue

24123 Narbonne Avenue

Lomita, CA 90717

$1,390,000
Price
—
Beds
1,540 Sq. Ft.
$903 / Sq. Ft.
1,540
Sq. Ft.
$903
per Sq. Ft.
a view of a backyard with sitting area
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Description

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...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.
  1. Listed by Charles Fisher • DRE #01731424 • Brokerage DRE #01879720 • Re/Max Estate Properties • 310-902-7214

Property Details for 24123 Narbonne Avenue

Total Units
1.0
Lot Size Source
Assessor
Building Area Total
1540
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Parcel Number
7374012032
Area
Lomita (121)

Location

Listing Courtesy of Re/Max Estate Properties, Charles Fisher, DRE #01731424
Add your commute
LISTING UPDATED: 04/04/2024 02:58 PM

Property Details for 24123 Narbonne Avenue

StatusActive
MLS #SB24066785
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1961
Lot Size0.15 AC / 6,382 SF
CountyLos Angeles County

Location

Listing Courtesy of Re/Max Estate Properties, Charles Fisher, DRE #01731424
Add your commute

Building Information for 24123 Narbonne Avenue

Stories1Residences-Year Built1961Lot Size0.15 AC / 6,382 SF

Payment Calculator

$8,148 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,586

Property Taxes

$562

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 24123 Narbonne Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $63,000
  • Cap Rate: 4.5
Expense Details
  • Operating Expense: $9,000
  • Insurance Expense: $3,000
  • Real Estate Tax Expense: $6,000
Tax / Assessment Info
  • Tax Annual Amount: $6,000
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $6,000
  • Unit Type Area: 1540
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1

Property History for 24123 Narbonne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 24123 Narbonne Avenue

Taxable ValueLand$310,167Additions$187,958Total$498,125
Tax Record2023$6,739 ($562 / month)
Home Facts
Total Finished SqFt1,540 SqFtAbove Grade Finished SqFt1,540 SqFtStories1Lot Size6,382 SqFtStyleStoresYear Built1961ZoningLOCG*CountyLOS ANGELESAPN7374-012-032

Schools near 24123 Narbonne Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
President Avenue Elementary School
Public - K to 6
Alexander Fleming Middle School
Public - 6 to 8
Nathaniel Narbonne Senior High School
Public - 9 to 12
Lomita Math/Science/Technology Magnet School
Public - K to 5
Rating
School
Distance
President Avenue Elementary School
PublicK to 6

Alexander Fleming Middle School
Public6 to 8

Nathaniel Narbonne Senior High School
Public9 to 12

Lomita Math/Science/Technology Magnet School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 24123 Narbonne Avenue, Lomita, CA 90717

24123 Narbonne Avenue is a mixed use property for sale in Lomita, CA 90717. This property was listed for sale on April 4, 2024 by Re/Max Estate Properties, it's currently listed at $1,390,000. It has been on the market for a total of 28 days and was last sold on August 26, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include President Avenue Elementary School, Alexander Fleming Middle School and Nathaniel Narbonne Senior High School. 24123 Narbonne Avenue is a 0-bed, 0-bath, 1,540 sqft mixed use property built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Estate Properties, Charles Fisher, DRE #01731424

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.