24606 Narbonne Avenue

Lomita, CA 90717

$1,500,000
Price
3
Beds
20
Baths
7,026 Sq. Ft.
$213 / Sq. Ft.
7,026
Sq. Ft.
$213
per Sq. Ft.

Description

Best corner location in the South Bay area! A unique mixed-use building in a great location in the South Bay area! The property is zoned LOCG-commercial, and used as mixed units. No parking on this property. Property with high potential for development! 2 retail spaces downstairs and 6 residential units upstairs with 0 vacancies. Quick income! Rents are current. Tenants are month to month except for one of the retail spaces—potential for more income. Please do not disturb the tenants! Subject to...Best corner location in the South Bay area! A unique mixed-use building in a great location in the South Bay area! The property is zoned LOCG-commercial, and used as mixed units. No parking on this property. Property with high potential for development! 2 retail spaces downstairs and 6 residential units upstairs with 0 vacancies. Quick income! Rents are current. Tenants are month to month except for one of the retail spaces—potential for more income. Please do not disturb the tenants! Subject to inspection. The buyer will verify the sqft of each unit and the information. This location has 3 addresses, 24600, 24606 & 24608 with 1 APN number. Negotiable.
  1. Listed by Minja Joo • DRE #01906685 • Brokerage DRE #01096925 • New Star Realty & Investment • 3109205495
  2. Listed by Jun Chang • DRE #01867916 • Brokerage DRE #01096925 • New Star Realty & Investment

Property Details for 24606 Narbonne Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7026
Assessor Parcel Number
7376-017-026
Property Attached YN
true
LISTING UPDATED: 09/24/2024 05:30 AM

Property Details for 24606 Narbonne Avenue

StatusActive
MLS #SB24198127
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1922
Lot Size0.09 AC / 3,838 SF
CountyLos Angeles County

Building Information for 24606 Narbonne Avenue

Stories2Residences-Year Built1922Building Size-Lot Size0.09 AC / 3,838 SF

Property Information for 24606 Narbonne Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $132,600
  • Gross Scheduled Income: $132,600
  • Net Operating Income: $84,500
Expense Details
  • Operating Expense: $48,100
  • Fuel Expense: $2,000
  • Electric Expense: $5,000
  • Insurance Expense: $4,100
  • Professional Management Expense: $6,000
  • Trash Expense: $2,000
  • Water Sewer Expense: $4,000
  • Total Expenses: $48,100
Tax / Assessment Info
  • Tax Tract Number: 47
  • Tax Census Tract: 6700.03
  • Tax Lot: 24
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,350
  • Unit Type Total Rent: $52,200
  • Unit Type Pro Forma: 80000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $10,800
  • Unit Type Pro Forma: 24000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $14,400
  • Unit Type Pro Forma: 27000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $31,200
  • Unit Type Pro Forma: 40000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $24,000
  • Unit Type Pro Forma: 42000
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 24606 Narbonne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 24606 Narbonne Avenue

Taxable ValueLand$480,724Additions$757,144Total$1,237,868
Tax Record2024$16,707 ($1,392 / month)
Home Facts
Total Finished SqFt7,026 SqFtAbove Grade Finished SqFt7,026 SqFtStories1Lot Size3,838 SqFtStyleOffice BuildingYear Built1922ZoningLOCG*CountyLOS ANGELESAPN7376-017-026

Schools near 24606 Narbonne Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
President Avenue Elementary School
PublicK to 6

Alexander Fleming Middle School
Public6 to 8

Nathaniel Narbonne Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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24606 Narbonne Avenue is a mixed use property for sale in Lomita, CA 90717. This property was listed for sale on September 24, 2024 by New Star Realty & Investment, it's currently listed at $1,500,000. It has been on the market for a total of 12 days and was last sold on April 2, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include President Avenue Elementary School, Alexander Fleming Middle School and Nathaniel Narbonne Senior High School. 24606 Narbonne Avenue is a 3-bed, 20-bath, 7,026 sqft mixed use property built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Star Realty & Investment, Minja Joo, DRE #01906685; New Star Realty & Investment, Jun Chang, DRE #01867916

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.