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    Pacific Coast Hwy Hwy Lomita, CA 90717

    For Sale
    $2,999,000

    High-traffic corner lot, redevelopment potential.

    Property size:
    924 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property presents a rare opportunity to own a significant piece of the iconic Pacific Coast Highway in Lomita, California. Boasting 924 square feet on a sizable 0.4-acre corner lot, this property offers 90 feet of prime frontage along the bustling PCH (CA Route 1). Currently operating as a used car dealership, the property is zoned commercial and provides immense flexibility for future development. The seller has already developed concept drawings and plans for a potential drive-thru establishment, showcasing the property's adaptability to a variety of businesses. This presents a unique chance to capitalize on the high visibility and traffic volume associated with this coveted location. The property will be delivered vacant upon close of escrow, allowing for immediate occupancy or redevelopment. The sale includes three parcels: 7553-007-054, 7553-007-016, and 7553-007-053, providing a consolidated and easily managed ownership. With its strategic location, substantial size, and existing infrastructure, this property is an ideal investment for both seasoned developers and astute business owners seeking a high-impact location on one of California's most recognizable roadways. The asking price is $2,999,000.

    Property Features for Pacific Coast Hwy Hwy

    General Information

    Property type
    Retail properties
    Square Feet
    924 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1964
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Lomita
    County
    Los Angeles
    State
    California
    Longitude
    -118.3161
    Latitude
    33.794

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    FAQs

    What type of property is this?
    Retail property - High-traffic corner lot, redevelopment potential.
    Where is this retail property located?
    The property is located at Pacific Coast Hwy Hwy Lomita, CA.
    What is the asking price?
    The asking price for this property is $2,999,000.
    (310) 379-4444
    Request Owner's contact information
    Pacific Coast Hwy Hwy Lomita, CA 90717
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Pacific Coast Hwy Hwy Lomita, CA 90717
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