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South Bay User/Investment Opportunity 25834 Narbonne Ave 6,726 SF 100% Leased Retail Building Lomita, CA 90717 $2,645,268 CAD ($393.29 CAD/SF) 5.33% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Flexible mixed-use layout - ±6,726 SF two-story building with office over retail, 10 electric meters, and a rare elevator
  • Ideal for multi-tenant use or owner-user | Seller open to short-term leaseback.
  • Prime South Bay location adjacent to Target - Outparcel to a brand-new Target with high visibility and strong daily traffic
  • SBA Loan Eligible - Second floor can be delivered vacant, allowing 51%+ occupancy for SBA financing
  • Value Add with strong yield - Below-market rents and short-term leases offer immediate upside
  • Solid in-place income and a pro forma cap rate of ±5.33%.

EXECUTIVE SUMMARY

Located at 25834 Narbonne Ave in Lomita, CA this mixed-use ±6,726 SF building consists of ±3,410 SF second-floor office space, and ±3,190 SF of ground-floor retail, ideally positioned as an outparcel to a brand-new Target. The site has excellent visibility with exposure to approximately ±14,000 vehicles per day on Narbonne Ave, off the signalized intersection at Pacific Coast Highway.
The ground floor retail space is currently demised into three tenant spaces, all on short-term or month-to-month leases, offering flexibility for repositioning or retenanting at market rates. The second floor is owner-occupied and can be delivered vacant, creating a rare opportunity for an owner-user to occupy more than 51% of the building meeting SBA financing requirements. The current owner is also open to a short-term leaseback. Notably, the building is equipped with a passenger elevator, a rare amenity in similar sized assets, enhancing accessibility and tenant appeal. With 10 electric meters, the property offers operational flexibility for multi-tenant use or future reconfiguration.
The property generates strong in-place income with below-market rents and significant rental upside, appealing to investors seeking value-add potential. A stabilized proforma cap rate of approximately 5.33% enhances long-term yield, making this a compelling investment in a low-supply, demand-driven submarket.
Surrounded by national retailers such as Target, Circle K, Popeyes, Grocery Outlet, Dollar Tree, WSS, and The Nook Breakfast Spot, the location benefits from consistent foot traffic and strong retail synergy. Its central location in the South Bay and direct adjacency to a new Target further strengthens its long-term desirability.
25834 Narbonne Ave offers a rare blend of immediate income, upside potential for an owner-user, investor or 1031 exchange buyer and irreplaceable positioning in one of the South Bay’s most established commercial corridors.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,726 SF
Building Class
C
Year Built
1985
Price
$2,645,268 CAD
Price Per SF
$393.29 CAD
Cap Rate
5.33%
NOI
$140,993 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.27
Lot Size
0.12 AC
Zoning
CG, Lomita
Parking
12 Spaces (1.78 Spaces per 1,000 SF Leased)
Frontage
73’ on Narbonne

AMENITIES

  • Bus Line
  • Signage
  • Balcony
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

First Citizens Bank & Trust
CrossFit
NORMS
Veggie Grill
Starbucks
Club Pilates
StretchLab
Grocery Outlet
Trader Joe's
Nijiya Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7553-006-189
Land Assessment
$467,369 CAD
Improvements Assessment
$1,375,167 CAD
Total Assessment
$1,842,536 CAD
  • Listing ID: 35845562

  • Date on Market: 2025-05-13

  • Last Updated:

  • Address: 25834 Narbonne Ave, Lomita, CA 90717

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