2244 Pacific Coast HwyLomita, CA 90717
- Investment properties
- 17,598 SF
Property Details for 2244 Pacific Coast Hwy
- Year built
- 2013
- Construction
- WOOD
- Lot size
- 0.74 AC
- Property size (Sq ft)
- 17,598 SF
- Zone code
- LOCG-R1*
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 7553-002-035
- APU
- 7553002035
Description
This exceptional 17,490 square foot, two-story Class B commercial building, located at 2244 Pacific Coast Highway in Lomita, California (90717), offers a variety of flexible spaces ideal for a range of businesses. Built in 2012 and extensively renovated in 2021, the property boasts 88 parking spaces, an elevator, and a bright, well-lit parking lot. Currently, there are 6,050 square feet of vacant space available, divisible into units as small as 1,300 square feet and up to a contiguous 3,000 square feet. The building sits on a 0.74-acre lot and features four total suites. The property is conveniently located near Lucille Ave and benefits from its proximity to a new Target Center (opening Q1 2024). The landlord is open to build-to-suit options. Current tenants include a diverse mix of businesses, such as a boba tea shop, Lego store, nail salon, optometrist, lash studio, dental office, tutor school, music studio, and a sheriff's satellite office. This vibrant location offers excellent visibility and accessibility, making it an attractive opportunity for businesses seeking a thriving commercial environment in Los Angeles County. The property's APN is 7553-002-035.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,935,927
- 6.5%
- $6,402,394
- 7%
- $5,945,080
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,580,825
- Geo Method
- $6,580,825
-
Alternative Use
- Use
- Valuation
- Residential
- $6,402,394
- Hospitality
- $5,864,558
- Educational
- $4,879,244
- Medical
- $5,047,048
- Retail
- $7,589,935
Location Insight
- City
- Lomita
- County
- Los Angeles
- State
- California
- Latitude
- 33.789
- Longitude
- -118.322
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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