Remodeled Mixed-Use Commercial
For Sale
$1,200,000
2162 Lomita, Lomita, CA 90717
Two separate spaces include a vacant unit and a month-to-month hair salon tenancy.
Property Size2,305 SF
Lot Size0.09 Acres
Price / SF$520.61
Days on Market48
Property Features for 2162 Lomita
General Information
Standard status
Active
Size
2,305 SF
Lot size
0.09 Acres
Property subtype
Commercial
Building Details
Building Size
2,305 SF
Year Built
1922
Year Renovated
2009
Buildings
1
Tenancy
Multi
Owner Occupied
Yes
Listed By:
Martin Castro · License #01793207
(818) 825-0684
Source:
Elliman
Added: Sep 4
Changed: Oct 10
Last Checked: Oct 20 at 9:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Martin Castro
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Investment Insights
Based on property information with market context.
This mixed-use commercial property contains approximately 2,305 square feet of building area on a 3,796-square-foot lot. The improvements were originally constructed in 1922 and completely remodeled in 2009, with the building divided into two separate spaces. Unit #2162 is vacant and currently used by the seller for storage, while Unit #2164 is occupied by a hair salon under a month-to-month lease.
Positioned along Lomita Boulevard in Lomita, the property benefits from the commercial corridor's stated visibility and convenient access. The available unit offers flexibility for continued storage, owner occupancy, or a new office, retail, or business use, subject to applicable requirements.
Positioned along Lomita Boulevard in Lomita, the property benefits from the commercial corridor's stated visibility and convenient access. The available unit offers flexibility for continued storage, owner occupancy, or a new office, retail, or business use, subject to applicable requirements.
Key Highlights
- Approximately 2,305 square feet of building space on a 3,796‑square‑foot lot
- Two separate commercial spaces within the building
- Originally built in 1922 and completely remodeled in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,997
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,940
$1.0M
Cap Rate 7%
$728,529
$728.5K
Cap Rate 9%
$566,633
$566.6K
Market Conditions
NOI Build-Up for 2,305 SF
Gross rent
$78.0K $33.84/SF
− Vacancy
−$5.1K −$2.23/SF
EGI
$72.9K $31.61/SF
− OpEx
−$21.9K −$9.48/SF
NOI
$51.0K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,940
Cap Rate 7%
$728,529
Cap Rate 9%
$566,633
Alternative Uses
Best Use
Retail
$728.5K
$637.5K – $850.0K
NOI $50,997 @ 7.0% cap · market cap 4.25%
Second Best
Office B
$719.8K
$629.8K – $839.8K
NOI $50,385 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,386 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,631
Businesses Nearby
Explore this area
Business Placement
Demographics for 90717, CA
22,044
Population
8,199
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,022
Density / Sq Mi
$92,984
Median Household Income
$48,740
Median Earnings
$1,874
Median Rent
$793,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate spaces include a vacant unit and a month-to-month hair salon tenancy.
Where is this mixed-use property located?
The property is located at 2162 Lomita Lomita, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 2,305 square feet of building space on a 3,796‑square‑foot lot; Two separate commercial spaces within the building; Originally built in 1922 and completely remodeled in 2009
