Property Detail

Description

Fully leased commercial investment at the signalized intersection of Pacific Coast Highway and Walnut Street in Lomita. The property features approximately 2,294 SF across two suites on a 5,706 SF lot, with six parking spaces (includes one ADA space). Tenants include KANZEN MEAL (U.S.A.), INC., a subsidiary of Nissin Foods, and Yadidi Law Firm, with additional billboard income from OUTFRONT Media. Both suites feature NNN leases with scheduled annual rent increases. Based on rents effective November 5, 2026, annualized NOI is approximately $85,408, representing a 7.0% cap rate at the $1,220,000 asking price, based on owner-confirmed reimbursement of all property operating expenses. Recent improvements include a roof replacement in 2024, insulation and radiant barrier installation and parking lot sealcoating and restriping in 2025, and exterior painting in 2026. A compelling opportunity to acquire an income-producing property along Pacific Coast Highway. Please do NOT disturb or contact tenants. Showings are available only following acceptance of an offer and must be coordinated through the listing agent. Buyer to independently verify all property and financial information.