Two Units: 2nd Generation Restaurant + Retail Space; Signalized Corner; Offered Vacant for Owner-User Opportunity or Immediate Lease-Up. Billboard Income (Actual): $3,600/Year, due to increase to $4,200/Year in 11/2026. Building Improvements and Amenities: New multi-layer roof installed in late 2024; New insulation with radiant barrier installed in 2025; Five parking spaces + one ADA parking space; Large trash enclosure in parking lot. 1901 PCH Improvements (2nd Generation Restaurant Space): Approx. 1,736 SF; 11 Ft Type I hood; 4.5 Ft Type I fryer hood; Dishwasher hood; 750-gallon in-ground grease interceptor in the parking lot; Fire suppression system for the two Type I hoods; 450 Amp, 120/208V, 3-phase electrical service; High output natural gas; Ethernet cabling throughout the space; 15-ton HVAC unit serving the kitchen areas; 2.75-ton HVAC unit serving the lobby area; Fiberglass Reinforced Plastic (FRP) wall panels; Ceramic tile flooring; New built-in storefront furniture; New ceiling tiles; New LED panel lights; Triple signage available. 1905 PCH Improvements (Retail Space): Approx. 558 SF; New HVAC split system; New ceiling tiles; 225 Amp, 120/208V, 3-phase electrical service; Double signage available with existing box signs. DISCLAIMER: All square footages, dimensions, financial information, and property details are approximate and/or based on public information. Prospective buyers or tenants and their representatives are advised to independently verify all information prior to entering into any purchase or lease transaction. The information provided here is not a substitute for a thorough due diligence investigation. All references made to type of ""use" and ""signage" are subject to approval by governmental agencies. *Proforma Income and cap rate projections are provided for reference purposes only and do not constitute a representation or guarantee of value.
Lot Area:
5,828 sq. ft.541 m2
Bathrooms:
0.0
(Full:-, Half:-)
Year built:
1955
(Age: 71)
General Listing Location:
Lomita, 121 - Lomita
County Or Parish:
Los Angeles
Net Operating Income:
$84,800
Cap Rate %:
6.8
Association Fee:
$0
On the North-West corner of Pacific Coast Hwy and Walnut St, located in the City of Lomita, CA
Number of Buildings:
1
Num Stories:
1
# Units:
2
Utilities:
Cable Available, Natural Gas Available, See Remarks