Remodeled Mixed-Use Commercial
New
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 Market4
Property Features for 2162 Lomita
General Information
Standard status
Active
Size
2,305 SF
Lot size
0.09 Acres
Property subtype
Business
Building Details
Building Size
2,305 SF
Year Built
1922
Year Renovated
2009
Buildings
1
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
MCRES Properties
Listed By:
Gordana Mitrevska · License #01996054
(818) 825-0684
Source:
2buy
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 2:44PM
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 MCRES Properties
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,997
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
