25807 Walnut StLomita, CA 90717

Property Details for 25807 Walnut St

Year built

1946

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

1,750 SF

Zone code

LOCG*

Property type

Auto shops

APN

7553-012-007

APU

7553012007

Description

This 1,750 square foot commercial building, situated on a 0.11-acre lot at 25807 Walnut Street in Lomita, California, is currently operating as a muffler shop. However, the property's zoning permits auto repair and related garage uses, opening up a wide range of possibilities for future tenants or owners. The building presents a significant opportunity for entrepreneurs seeking a well-located commercial space in a thriving area. The asking price is $950,000. The existing structure provides a solid foundation for a variety of businesses, offering ample space for operations and potential for expansion or modification to suit specific needs. Its convenient location in Lomita offers easy access to major transportation routes and a strong local customer base. The 0.11-acre lot provides sufficient space for parking and potential outdoor storage or expansion projects. This property is ideal for investors seeking a strong return on investment or business owners looking to establish or relocate their operations. The flexibility afforded by the zoning makes this a truly versatile commercial opportunity. Serious inquiries are encouraged to explore the potential of this prime commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $817,664

  6.5%

  $754,767

  7%

  $700,855

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,063,957

  Geo Method

  $1,063,957

• Alternative Use

  Use

  Valuation

  Residential

  $636,674

  Hospitality

  $583,190

  Educational

  $485,207

  Medical

  $501,894

  Retail

  $754,767

Location Insight

City

Lomita

County

Los Angeles

State

California

Latitude

33.7891

Longitude

-118.312

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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