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25114 Narbonne Avenue, Lomita, CA

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25114 Narbonne Avenue

Lomita, CA 90717 - Torrance Submarket

Property Type:Land Parcel Size:.49 Acres
Zoning:CG, Lomita
For Sale Price:$2,700,000 Price/Acre:$5,485,575 Price/SF:$125.93

Proposed Use:Apartment Units - Condo

On-Site Improv:Previously developed lot

Best development site available in Lomita. One of the largest Narbonne Avenue lots with 105.6 feet of street frontage. Lomita approved a Mixed Use Overlay for this portion of the commercial zone which allows for a combination of commercial & residential development. The seller has obtained a CUP from Lomita for a mixed use development. The plans are for 2 stories of residential over a parking structure and a 2 story on-grade structure with commercial space on the first floor and residential above. Total building square footage per the plans is 17,710 SF. This will allow for 6 townhomes, 4 live/work condos & 2 commercial spaces on the site. Survey and soil test have been done. This mixed use development would be the highest & best use but the commercial zone will allow many other uses.
Present buildings on site are non-conforming except for one house which is legal non-conforming and rented for $1,600 per month on a month to month tenancy. Listing broker has copy of survey. Property being sold as a development site and being sold in "as is" present condition, no termite or other corrective work to be done to the existing structures by the seller. The Buyer should check with City of Lomita, phone (310) 325-7110 regarding their intended use of the property.

Sale Notes:
11 townhouse & 2 Commercial unit development permit ready. Site prep, grading permitted and done.

RE/MAX Commercial & Investment Realty
Jim Gallagher
(310) 802-2522

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