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    24205 Narbonne Ave Lomita, CA 90717-1161
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    Property profile & analytics

    24205 Narbonne Ave Lomita, CA 90717-1161

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    • Investment properties
    • 6,784 SF
    • 0.15 lot acres
    Off-Market
    Property ID
    US09-8411512
    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.
    Value Estimations
    $995,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carlos L Ilem Inc / Dental Office
    • Alexander Real Estate / Real Estate Agency
    • Mission First Church / Church
    • KOGBible / Church / Mosque
    • NEW IMAGE HEALTH SPA / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 24205 Narbonne Ave

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    6,784 SF
    Zone code
    LOCG*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    7374-012-028
    APU
    7374012028

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,136,000
      Market price range: $990k - $3.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lomita
    County
    Los Angeles
    State
    California
    Longitude
    -118.32
    Latitude
    33.8054
    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
    $11,987
    $262,449
    $554,989
    $817,438
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • 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
    • Value Estimation
      $810,000
      4,006 SF

      25101 Narbonne Ave

      STORE/OFFICE (MIXED USE) • 4,006 SF
      25101 Narbonne Ave, Lomita, CA 90717-2119
      View Details
    • Value Estimation
      $1,605,000
      7,520 SF

      24333 Narbonne Ave

      STORE/OFFICE (MIXED USE) • 7,520 SF
      24333 Narbonne Ave, Lomita, CA 90717-1132
      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
      $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

    Similar Nearby for Sale

    • Contact for pricing
      924 SF

      Prime Lomita Retail Corner Lot

      High-traffic PCH location, build-to-suit options.
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    • $1,075,000
      Pending

      Updated Duplex in Lomita, CA

      Updated duplex with investment potential on a large lot.
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      550 SF

      Lomita Office Space For Sale

      Prime Lomita location, 550 sq ft office.
      2018 102, Lomita, CA 90717
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    • $2,999,000
      924 SF

      Prime PCH Retail Opportunity in Lomita

      High-traffic corner lot, redevelopment potential.
      Pacific Coast Hwy Hwy, Lomita, CA 90717
      View Details
    • $1,300,000
      3,030 SF

      Lomita Blvd Retail Investment Opportunity

      High-traffic retail space with long-term lease.
      2158 Lomita Blvd, Lomita, CA 90717
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant and Retail Spaces Available

      Restaurant and retail spaces with existing infrastructure for lease.
      1901 Pacific Coast Hwy, Lomita, CA 90717
      View Details
    • Contact for pricing

      Remodeled Building, Build to Suit

      Remodeled building with parking, elevator, and diverse tenant mix.
      2244 Pacific Coast Hwy, Lomita, CA 90717
      View Details
    • $2 SF/Yr

      Retail Space Near Major Tenants

      Retail spaces available near Target, Grocery Outlet, Dollar Tree, WSS.
      2201-2211 Pacific Coast Hwy, Lomita, CA 90717
      View Details
    • $15,000 /Mo
      2,600 SF

      Lomita Commercial Space For Lease

      Commercial space for lease in a trusted neighborhood location.
      2258 Lomita Blvd, Lomita, CA 90717
      View Details
    • Contact for pricing

      Prime Corner Lot on PCH

      Rare 0.40-acre commercial land with frontage on Pacific Coast Highway.
      2002 Pacific Coast Hwy, Lomita, CA 90717
      View Details
    • Contact for pricing

      Lomita Bank Building For Rent

      One-story bank building with drive-thru and major street frontage.
      2270 Lomita Blvd, Lomita, CA 90717
      View Details
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    Lomita, CA 90717-1161
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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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    24205 Narbonne Ave, Lomita, CA, 90717
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