25323 Normandie Avenue Harbor City, CA 90710
COMMERCIAL - Harbor City, CA
- Added:
- Apr 28, 2018
- Days on Market:
- 2998
- Last Refresh:
- Jul 12 at 4:06 am
Property Features for 25323 Normandie Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Lam1
- Standard status
- Active Under Contract
- APN
- 7413005026
Taxes and HOA fees
- Tax Year
- 2017
- Tax Annual Amount
- 20972
Building Details
- Year built
- 1957
Listing agent Ronald Ellis License #00324909 (310) 539-4300
Listing office Home Team Realty 370 Amapola Avenue #108, Torrance, CA (310) 539-4300
Listing date Apr 28, 2018
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Investment Insights
Based on property information with market context.
Utilities include 1000/3 phase power, with individual power meters serving six units and two units sharing one meter. Gas and water are available but are not individually metered, and the exterior has also been substantially remodeled since the major 2008 remodel. The property provides approximately 18 parking spaces, including a handicap parking space.
Zoning is listed as Lam1.
Key Highlights
- 1957 building substantially remodeled in 2008 after fire damage
- 7 rental spaces total: five units at 1,600 sq ft and two units at 1,840 sq ft
- Three rear storage units totaling 1,500 sq ft, backed up to an alley
Local Financial Insights For Warehouse
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 | $249.9k | $18.96 |
| − Vacancy | −$16.0k | −$1.21 |
| EGI | $233.9k | $17.75 |
| − OpEx | −$35.1k | −$2.66 |
| NOI | $198.8k | $15.08 |
