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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2244 Pacific Coast Hwy Lomita, CA 90717

    • Investment properties
    • 17,598 SF
    • 0.74 lot acres
    For Lease
    View listing
    $30 SF/Yr
    Last Sale
    Jan 15, 2021
    $3,850,038
    Value Estimations
    $3,905,000
    Cap Rate Potential
    9.1%
    Investment properties
    Location Intelligence
    Property ID
    US09-8411262
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Waseda Academy LA / High School / Vocational School
    • Krak Boba / Cafe & Coffee Shop
    • Ballet des Petites Étoiles / Theater & Performing Art Venue / Vocational School
    • Angels LA Lashes / Hair Salon
    • Bricks & Minifigs Lomita / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center

    Property Details for 2244 Pacific Coast Hwy

    Year built
    2013
    Construction
    WOOD
    Lot size
    0.74 lot acres
    Property size
    17,598 SF
    Zone code
    LOCG-R1*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    7553-002-035
    APU
    7553002035

    Description

    This exceptional 17,490 square foot, two-story Class B commercial building, located at 2244 Pacific Coast Highway in Lomita, California (90717), offers a variety of flexible spaces ideal for a range of businesses. Built in 2012 and extensively renovated in 2021, the property boasts 88 parking spaces, an elevator, and a bright, well-lit parking lot. Currently, there are 6,050 square feet of vacant space available, divisible into units as small as 1,300 square feet and up to a contiguous 3,000 square feet. The building sits on a 0.74-acre lot and features four total suites. The property is conveniently located near Lucille Ave and benefits from its proximity to a new Target Center (opening Q1 2024). The landlord is open to build-to-suit options. Current tenants include a diverse mix of businesses, such as a boba tea shop, Lego store, nail salon, optometrist, lash studio, dental office, tutor school, music studio, and a sheriff's satellite office. This vibrant location offers excellent visibility and accessibility, making it an attractive opportunity for businesses seeking a thriving commercial environment in Los Angeles County. The property's APN is 7553-002-035.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,900,000
      ML approach
      $4,015,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,435,000
      Current use
      WAREHOUSE, STORAGE
      $5,170,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lomita
    County
    Los Angeles
    State
    California
    Longitude
    -118.322
    Latitude
    33.789
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $57,767
    $2,546,899
    $1,538,751
    $4,085,650
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $835,000
      4,884 SF

      2260 Pacific Coast Hwy

      STORE/OFFICE (MIXED USE) • 4,884 SF
      2260 Pacific Coast Hwy, Lomita, CA 90717
      View Details
    • Value Estimation
      $775,000
      5,500 SF

      2315 Pacific Coast Hwy

      STORE/OFFICE (MIXED USE) • 5,500 SF
      2315 Pacific Coast Hwy, Lomita, CA 90717-2400
      View Details
    • Value Estimation
      $1,235,000
      6,726 SF

      25834 Narbonne Ave

      STORE/OFFICE (MIXED USE) • 6,726 SF
      25834 Narbonne Ave, Lomita, CA 90717-7222
      View Details
    • Value Estimation
      $5,110,000
      29,678 SF

      2413 Pacific Coast Hwy

      STORE/OFFICE (MIXED USE) • 29,678 SF
      2413 Pacific Coast Hwy, Lomita, CA 90717-2395
      View Details
    • Value Estimation
      $1,210,000
      1,538 SF

      1812 Pacific Coast Hwy

      STORE/OFFICE (MIXED USE) • 1,538 SF
      1812 Pacific Coast Hwy, Lomita, CA 90717-2722
      View Details
    • Value Estimation
      $1,100,000
      7,563 SF

      24705 Narbonne Ave

      STORE/OFFICE (MIXED USE) • 7,563 SF
      24705 Narbonne Ave, Lomita, CA 90717-1500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Lomita Blvd Retail Investment Opportunity

      High-traffic retail space with long-term lease.
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    • Contact for pricing

      Land For Sale

      Land available for sale in Lomita, California.
      2002-2008 Pacific Coast Hwy, Lomita, CA 90717
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      924 SF

      Lomita Drive-Thru Development Opportunity

      Prime CA Route 1 corner lot, 0.4 acres, build-to-suit potential.
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      Lomita Commercial Space For Lease

      Commercial space for lease in a trusted neighborhood location.
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      View Details
    • Contact for pricing

      Lomita Bank Building For Rent

      One-story bank building with drive-thru and major street frontage.
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      Prime Corner Lot on PCH

      Rare commercial corner lot on Pacific Coast Highway for lease.
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      Retail Space Available For Rent

      Retail space available for rent, approximately 1160 square feet.
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      View Details
    • $1.60 SF/Yr
      1,568 SF

      Lomita Flex Space Available

      Multi-tenant building with ground level loading and flexible zoning.
      1861 Lomita Blvd, Lomita, CA 90717
      View Details
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    2244 Pacific Coast Hwy
    Lomita, CA 90717
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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