2211 Lomita Blvd, Lomita, CA 90717

Property Description

One of a kind building on one of the South Bay's busiest and nicest corners. Koby Center is Six retail units and three apartments with a paved parking lot with approximately 15 spaces. Fully rented. Longtime owners want out of the Landlord Business. Right across the street from the new mixed use retail and residential complex approved for the corner of Narbonne Ave. & 245th St. Many longtime tenants. Retrofitting was done in the late 1980's. Financials and leases available to truly interested parties. Owner will only sell if they are able to carry the financing. Parts of the parking lot are also owned by the businesses facing Narbonne Ave that are not part of this property (approximately 4 spaces). Also there is a part of the parking lot that is public. City of Lomita would require the parking replaced if new owners decide to change use or redevelop property. Please check with City of Lomita for any planned uses. High traffic location with over 45,000 cars a day passing on Lomita Bl. alone. Well maintained property. Expenses are projections for new owners for the year 2016. Based on expenses for March, 2016