2158 Lomita Blvd Lomita, CA 90717-1623

This exceptional retail property at 2158 Lomita Blvd, Lomita, CA 90717, presents a compelling investment opportunity. The 3,030 square foot building, constructed in 1934, sits on an 8,296 square foot lot and is currently configured as a bar and office space, both occupied by a single tenant under a lease with five years remaining and two five-year options to renew. The property boasts a strong current NOI of $46,450, translating to a 3.57% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $97,750 and a 7.52% cap rate, indicating substantial upside potential. The asking price is $1,300,000, resulting in a price per square foot of $429.04. Conveniently located on a high-traffic, signalized corner of Narbonne and Lomita Boulevards, the property offers excellent visibility and accessibility. Ample on-site parking caters to both patrons and employees. The property is zoned LOCG and features one single-story building with two units. This is a rare chance to acquire a well-located, income-producing retail property with significant growth potential in the thriving Los Angeles County market. The property's strong tenant history and lease terms provide stability and security for investors.