1901-1905 Pacific Coast Hwy - Restaurant FOR SALE


Lomita, CA 90717
$1,250,000 USD
310-210-4058
1901-1905 Pacific Coast Hwy, Lomita, CA for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/19
null | 6.8% Cap Rate

NEW


1901-1905 Pacific Coast Hwy
Lomita, CA 90717


HIGHLIGHTS

  • New multi-layer roof installed
  • New insulation with radiant barrier
  • Five parking spaces + one ADA space
  • Large trash enclosure in parking lot

OVERVIEW

2nd Generation Restaurant + Retail Two (2) Retail Units Signalized Corner Billboard Income Offered Vacant - Owner-User Opportunity or Immediate Lease-Up Building Improvements and Amenities: - New multi-layer roof installed in late 2024 - New insulation with radiant barrier installed in 2025 - Five parking spaces + one ADA parking space - Large trash enclosure in parking lot 1901 PCH Improvements (2nd Generation Restaurant Space): - 11 Ft Type I hood - 4.5 Ft Type I fryer hood - Dishwasher hood - 750-gallon in-ground grease interceptor in the parking lot - Fire suppression system for the two Type I hoods - 450 Amp, 120/208V, 3-phase electrical service - High output natural gas - Ethernet cabling throughout the space - 15-ton HVAC unit serving the kitchen areas - 2.75-ton HVAC unit serving the lobby area - Fiberglass Reinforced Plastic (FRP) wall panels - Ceramic tile flooring - New built-in storefront furniture - New ceiling tiles - New LED panel lights - Triple signage available 1905 PCH Improvements (Retail Space): - New HVAC split system - New ceiling tiles - 225 Amp, 120/208V, 3-phase electrical service - Double signage available with existing box signs PROJECTED STABILIZED NOI (NNN) Upon lease-up of vacant retail units Proforma Retail Base Rent: 1901 PCH (1,736 SF @ $2.95/SF): ~$61,454*/Y ear 1905 PCH (558 SF @ $2.95/SF): ~$19,754*/Y ear Total Proforma Retail Base Rent: ~$81,208*/Y ear Billboard Income (Actual): $3,600/Y ear, due to increase to $4,200/Y ear in 11/2026. Total Proforma NOI (on NNN Basis): ~$84,800*/Y ear Proforma Cap Rate = Approx. 6.8%* Based on projected stabilized NNN income and the asking price of $1,250,000, consistent with comparable retail transactions in the local market. *Proforma Income and cap rate projections are provided for reference purposes only and do not constitute a representation or guarantee of value. Disclaimers: All square footages, dimensions, financial information, and property details are approximate and/or based on public information. Prospective purchasers or tenants and their representatives are advised to independently verify all information prior to entering into any purchase or lease transaction. The Materials are not a substitute for a thorough due diligence investigation. All references made to type of “use" and "signage" are subject to approval by governmental agencies.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$545 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,828 SF

ZONING

LOCG*

APN/PARCEL ID

7375-021-006

ASK ABOUT THIS PROPERTY

Bobby BabaiTurnstone RealtyMore Info
310-210-4058

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Bobby BabaiTurnstone RealtyMore Info
310-210-4058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.