Single-Story Commercial Building with Roll-Up
For Sale
$1,725,000
24632 Narbonne, Lomita, CA 90717
Vacant single-story commercial building with 12' ceilings, roll-up and rear-yard parking for 15 vehicles.
Property Size4,700 SF
Lot Size0.29 Acres
Price / SF$367.02
Days on Market75
Property Features for 24632 Narbonne
General Information
Standard status
Active
Size
4,700 SF
Total Parking Spaces
15
Lot size
0.29 Acres
Property subtype
Retail
Zoning
CG
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
1
Building Details
Year Built
1954
Stories
1
Listing Agency:
Re/Max Commercial & Investment
(310) 802-2500
Listed By:
Stephen Lampe · License #01164364
Source:
Xome
Added: May 19
Changed: Jul 10
Last Checked: Jul 31 at 8:13AM
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 Re/Max Commercial & Investment
Investment Insights
Based on property information with market context.
The property is a single-story commercial building totaling 4,700 square feet on a double lot (12,832 square feet) with a rear yard and additional parking for 15 vehicles. The front showroom measures approximately 46 feet wide by 66 feet deep, supported by finished drywall ceilings providing a 12' clear height. The rear portion includes a private office, an office/supply room, and a bathroom, along with a warehouse area featuring one large roll-up door and one regular door. Concrete ramps are built in at both doors.
Located on Narbonne Avenue, described as the “Main Street” of Lomita, the building benefits from visibility and signage. It is across from Lomita Steam Magnet Elementary School. The zoning is CG (Commercial General), which allows a broad range of uses including retail, office, and service businesses such as a gym or fitness center, subject to meeting parking requirements.
This offering is being delivered vacant at close of escrow, making it well-suited for an owner-operator or tenant looking to take over a functional showroom-to-warehouse layout. With onsite offices and restroom in the back portion, the space can accommodate businesses that need both customer-facing areas and light warehouse support, including uses permitted under CG zoning.
Located on Narbonne Avenue, described as the “Main Street” of Lomita, the building benefits from visibility and signage. It is across from Lomita Steam Magnet Elementary School. The zoning is CG (Commercial General), which allows a broad range of uses including retail, office, and service businesses such as a gym or fitness center, subject to meeting parking requirements.
This offering is being delivered vacant at close of escrow, making it well-suited for an owner-operator or tenant looking to take over a functional showroom-to-warehouse layout. With onsite offices and restroom in the back portion, the space can accommodate businesses that need both customer-facing areas and light warehouse support, including uses permitted under CG zoning.
Key Highlights
- 4,700 SF single‑story commercial building on Narbonne Avenue on a double lot totaling 12,832 SF
- 12' clear height with drywall‑finished ceilings (possible to add more clear height—buyer to verify)
- Front showroom area approx. 46' wide x 66' deep
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.0k | $33.84 |
| − Vacancy | −$10.5k | −$2.23 |
| EGI | $148.6k | $31.61 |
| − OpEx | −$44.6k | −$9.48 |
| NOI | $104.0k | $22.12 |
4,700 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.73M
NOI $103,986 @ 7.0% cap · market cap 6.03%
Second Best
Warehouse
$873.7K
$764.5K – $1.02M
NOI $61,156 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,145 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,725
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant single-story commercial building with 12' ceilings, roll-up and rear-yard parking for 15 vehicles.
Where is this storefront property located?
The property is located at 24632 Narbonne Lomita, CA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 4,700 SF single‑story commercial building on Narbonne Avenue on a double lot totaling 12,832 SF; 12' clear height with drywall‑finished ceilings (possible to add more clear height—buyer to verify); Front showroom area approx. 46' wide x 66' deep
