1801 Lomita Blvd
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1801 Lomita Blvd
9,805 SF 100% Leased Retail Building Lomita, CA 90717 $2,600,000 ($265/SF) 6.80% Cap Rate
Executive Summary
Approx. 6.8% Existing Cap with Upside Potential! Recently Renovated Strip Center. This sale consists of two separate parcels (7372-017-050 and 7372-017-029) and addresses: 1801-1803 Lomita and 1803 1/2- 1807 Lomita. Approx. 9,805 Sq. Ft. Sitting on 26,605 Sq. Ft. Land. Off the corner of Western and Lomita Blvd.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$222,098
|
$40.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$222,098
|
$40.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$45,493
|
$8.23
|
| Net Operating Income |
$176,605
|
$31.94
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $222,098 |
| Annual Per SF | $40.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $222,098 |
| Annual Per SF | $40.17 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $45,493 |
| Annual Per SF | $8.23 |
| Net Operating Income | |
|---|---|
| Annual | $176,605 |
| Annual Per SF | $31.94 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,805 SF
Year Built/Renovated
1957/2019
Price
$2,600,000
Price Per SF
$265
Cap Rate
6.80%
NOI
$176,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.61 AC
Zoning
LOCG
Parking
34 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
147 FT on Lomita Blvd
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7372-017-050 | Improvements Assessment | $355,433 (2024) |
| Land Assessment | $738,208 (2024) | Total Assessment | $1,093,641 (2024) |
PROPERTY TAXES
Parcel Number
7372-017-050
Land Assessment
$738,208 (2024)
Improvements Assessment
$355,433 (2024)
Total Assessment
$1,093,641 (2024)
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1801 Lomita Blvd
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