Discover an exceptional mixed-use investment opportunity in the City of Lomita. Located along Narbonne Avenue, this eight-unit property combines ground-floor commercial space with residential units above, offering investors the potential for diversified rental income from both commercial and residential tenants.
The property features two ground-floor commercial retail units and six residential units on the upper level, consisting of four studios, one one-bedroom unit, and one two-bedroom unit. This combination of commercial and residential occupancy offers multiple income streams within a single investment property.
With its mixed-use configuration and location in Lomita, 24606 Narbonne Avenue presents an opportunity for investors seeking to expand their portfolio with a property serving both business and residential rental markets.
Whether you are an experienced multifamily investor or looking to enter the mixed-use investment market, this property offers the potential to generate income from two distinct rental sectors while providing flexibility for long-term investment strategies.
Property Sub Type:
Mixed Use
Lot Area:
3,838 sq. ft.357 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1922
(Age: 104)
General Listing Location:
Lomita, 121 - Lomita
County Or Parish:
Los Angeles
Anchors Co-Tenants:
2
Common Interest:
None
Gross Scheduled Income:
$100,800
Net Operating Income:
$70,800
Cap Rate %:
4.7
Land Lease:
No
Operating Expense:
$30,000
Vacancy Allowance:
$3
110 FREEWAY exit PCH -west to Narbonne south - S/E corner of Narbonne and Lomita