Lomita Neighborhood Shopping
For Sale
$6,100,000
Pending
2300 2312 Pacific Coast Hwy, Lomita, CA 90274
Neighborhood shopping center in Lomita with high visibility.
Property Size13,250 SF
Lot Size0.62 Acres
Days on Market166
Property Features for 2300 2312 Pacific Coast Hwy
General Information
Standard status
Pending
Size
13,250 SF
Lot size
0.62 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$73,200
Building Details
Building Size
13,250 SF
Units
6
Listing Agency:
(310) 427-0606
Listed By:
Jill Medawar
(310) 427-0606
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Jul 23 at 3:33AM
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 Jill Medawar
Investment Insights
Based on property information with market context.
The property at 2300–2312 Pacific Coast Highway is a neighborhood shopping center located in Lomita. It benefits from high visibility on Pacific Coast Highway and draws traffic from surrounding residential areas. The center features a mix of daily-needs tenants and service-oriented operators, providing income streams and potential for increased revenue through future lease-up and rent adjustments. The property offers an opportunity to acquire a strategically positioned shopping center.
Key Highlights
- High visibility location on Pacific Coast Highway.
- Strong mix of daily‑needs and service‑oriented tenants.
- Reliable income streams.
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
$293,151
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
4.81%
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%
$5,863,020
$5.9M
Cap Rate 7%
$4,187,871
$4.2M
Cap Rate 9%
$3,257,233
$3.3M
Market Conditions
NOI Build-Up for 13,250 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
$448.4K $33.84/SF
− Vacancy
−$29.6K −$2.23/SF
EGI
$418.8K $31.61/SF
− OpEx
−$125.6K −$9.48/SF
NOI
$293.2K $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%
$5,863,020
Cap Rate 7%
$4,187,871
Cap Rate 9%
$3,257,233
Alternative Uses
Best Use
Retail
$4.19M
$3.66M – $4.89M
NOI $293,151 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.09M
$6.21M – $8.28M
NOI $496,580 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,546
Businesses Nearby
353k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 30%
Shops & Services 16%
Dining 15%
Superstores 13%
Trader Joe's
Groceries
55,224 visits/mo
0.5 miles
Target
Superstores
46,573 visits/mo
0.3 miles
AMC Rolling Hills 20
Leisure
44,336 visits/mo
0.4 miles
Nike Factory Store
Apparel
31,724 visits/mo
0.4 miles
Chase Bank
Shops & Services
25,361 visits/mo
0.5 miles
Demographics for 90274, CA
25,307
Population
9,989
Households
2.5
Avg Household Size
52
Median Age
76%
College-Educated
98%
High-School Grad
12.0 sq mi
ZIP Area
2,109
Density / Sq Mi
$222,273
Median Household Income
$107,768
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Torrance Towne Center — Torrance, CA 90505
- Crenshaw Coast Center — 2700-2746 Pacific Coast Hwy, Torrance, CA 90505
- Rolling Hills View Center — 26640 S Western Ave, Harbor City, CA 90710
- Lomita Center — 1851 Pacific Coast Hwy, Lomita, CA 90717
- Charmcraft Plaza — 2315 Pacific Coast Hwy #2, Lomita, CA 90717
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center in Lomita with high visibility.
Where is this shopping center located?
The property is located at 2300 2312 Pacific Coast Hwy Lomita, CA.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: High visibility location on Pacific Coast Highway.; Strong mix of daily‑needs and service‑oriented tenants.; Reliable income streams.
