25897 Western Ave, Lomita, CA 90717

25897 Western Ave, Lomita, CA 90717

Lomita, CA

Property Description

Lyon Stahl and Pacific Peak Investments are pleased to exclusively represent the sale of 25897 Western Ave, Lomita, CA.

The asset is a two-story class B office building on a major thoroughfare. At approximately 5,002 Sq Ft, the building houses 5-units with 12 parking spaces. Situated on a corner lot and is priced at a very attractive $219 PSF on the building, and $178 PSF on land.

Even during Covid pricing, 25897 has great upside due to existing low rents for 2 of the existing tenants who are paying on time. Brought to current Covid market rents, the property can generate approximately $86K in NOI. At a 6 CAP, that would place the asset’s value at over $1.4M.

Property Features

  • Sale Price: $990,000
  • Area Size: 5,007 SF
  • Year Built: 1979
  • Listing Date: 10/07/2020
  • Closing Date: 11/06/2020