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Sold for $1,050,000
  • Listed by: Compass • Poul Erik Norgaard • Contact: 310-241-3038
    Bought with: Compass
    $1,050,000

    25610 Narbonne Ave, Lomita, CA 90717

    5beds
    6baths
    2,686sqft
    Mixed Use
    Built in 1962
    -- sqft lot
    $1,263,000 Zestimate®
    $391/sqft
    $3,790 Estimated rent

    Home value

    $1,263,000

    $1.11M - $1.43M

    $3,790/mo

    Zestimate® history
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    What's special

    Wonderful opportunity to own a well maintained 5-unit mixed-use income property, centrally located in Lomita. This property has a mix of residential and commercial units. There are currently 2 office spaces with entrance off of Narbonne, 1 studio or office with side entry, 1 bedroom / 1 bathroom unit also with side entry, then in the back of the lot a 4 bedroom / 2 bathroom unit with no shared walls. There are a total of 9 parking spots on premises, including a 2-car garage for the 4 bedroom unit and 7 designated parking spots. Currently, the unit that could be a studio apartment or an office is vacant. The 4 bedroom unit has a stove, microwave hood, fridge, dishwasher, and washer/ dryer all included. You?ll also find recessed lighting, laminate floors, and a spacious private backyard with grass and mature fruit trees. The 1 bedroom has its own laundry hookups. The office spaces, units A & B, have their own 1/2 baths and laminate floors. The vacant studio/office has its own 3/4 bath and carpet floors. Commercial leases with 3 two year options remaining on offices offering stable income, 4 bedroom and 1 bedroom units on month-to-month. Huge upside potential. High walk score. Well maintained property, with metered electricity, 4 sub-meters, and low maintenance landscaping.

    Zillow last checked:

    Listing updated:

    Listed by:

    Poul Erik Norgaard DRE #02013555 310-241-3038,

    Compass,

    Tadashi Kondo DRE #01438455 310-567-8790,

    Compass

    Bought with:

    Poul Erik Norgaard, DRE #02013555

    Compass

    Tadashi Kondo, DRE #01438455

    Compass

    Source: CRMLS,MLS#: SB23064779MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    Heating
    • Central, Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Dishwasher, Gas Range, Refrigerator
    • Laundry: Inside
    Features
    • Flooring: Carpet, Laminate, Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,686
    • Total interior livable area: 2,686 sqft

    Property

    Parking
    • Total spaces: 9
    • Parking features: Garage
    • Garage spaces: 2
    • Uncovered spaces: 7
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Multiple
    • Pool features: None
    Lot
    • Size: 9,736 Square Feet
    • Features: 0-1 Unit/Acre, Landscaped
    Details
    • Parcel number: 7375025020
    • Zoning: LOCG*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: See Remarks

    Community & HOA

    Community
    • Features: Gutter(s), Storm Drain(s), Street Lights, Sidewalks
    Location
    • Region: Lomita

    Financial & listing details

    • Price per square foot: $391/sqft
    • Tax assessed value: $953,700
    • Annual tax amount: $12,870
    • Date on market: 4/28/2023
    • Cumulative days on market: 27 days
    • Listing terms: Cash,Contract,Submit
    • Total actual rent: 3222
    • Tenant pays: Cable TV, Electricity

    Price history

    DateEventPrice
    9/18/2023Sold$1,050,000$391/sqft
    Source: CRMLS #SB23064779 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,870 -13.6%$953,700 -9.2%
    2024$14,900 +367.7%$1,050,000 +591.8%
    2023$3,186 +3.5%$151,774 +2%
    2022$3,078 +0.3%$148,799 +2%
    2021$3,069 -0.3%$145,882 +1%
    2020$3,080 $144,387 +2%
    2019$3,080 +10.7%$141,557 +2%
    2018$2,782 $138,783 +2%
    2017$2,782 +1.7%$136,062 +2%
    2016$2,734 +3.4%$133,395 +1.5%
    2015$2,645 $131,392 +79.1%
    2005-- $73,342 +4%
    2004-- $70,496 +3.9%
    2002-- $67,849 +4%
    2000-- $65,217
    Find assessor info on the county website

    Neighborhood: 90717

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,263,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,263,000