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Listed by Bill Ruane • Estate Properties
$ 5,200,000
Est. payment /mo
Active
26025 Narbonne Avenue Lomita, CA 90717
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-25138951
Year Built 1962
Property Sub-Type Multi Family
Property Description
On the market for the first time in over 20 years, this well-maintained multi-family property is a rare investment opportunity. Located in the highly desirable South Bay area the property has 16 units total - 13 of the units are townhouse style living, each are 2 bed 1.5 bath, the remaining 3 units are single level living each offering 2 bed 1 bath. This rare investment opportunity awaits in the heart of Lomita. This 16-unit multifamily property is a great opportunity to generate income in a strong rental market. Situated on a 0.61-acre lot (approximately 15,647 square feet), the property features 13 townhouse-style units each with private, in-unit laundry. Amenities include six garage spaces and additional on-site parking for residents. Each unit is also separately metered for gas and electric. With a strong and consistent rental history, the property offers immediate income and long-term appreciation potential. Investors will also find value-add opportunities through interior upgrades and operational enhancements to further increase revenue. Ideally located along Pacific Coast Highway, the site offers convenient access to shopping centers, restaurants, grocery stores, and national retailers. Residents enjoy proximity to parks, cultural attractions, and entertainment options including the AMC Theater. Outdoor enthusiasts can take advantage of nearby golf courses, nature trails, and the South Coast Botanic Garden. This is a rare chance to invest in a stable, income-producing property in the heart of Lomita!
Location
State CA
County Los Angeles
Area 121 - Lomita
Interior
Heating See Remarks
Laundry See Remarks
Exterior
Utilities Available See Remarks
Building
Lot Description 0-1 Unit/Acre
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944