25016 Narbonne Avenue, Lomita, California 90717, Lomita, 90717 - 1 bed, 1 bath
ACTIVE$830,000
25016 Narbonne Avenue, Lomita, California 90717
1Bed
1Bath
816Sqft
4,409Lot
Year Built
1920
Close
-
List price
$830K
Original List price
$830K
Price/Sqft
$1,017
HOA
-
Days on market
-
Sold On
-
MLS number
SB25024668
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
We found 3 Cons,5 Pros.
Great location, Property is a mix use (LOGC), easy to access, new refrigerator, stove, dishwasher, windows, great patio in the back.
Price History
Date
Event
Price
02/03/25
Listing
$830,000
10/26/07
Sold
$302,000
07/22/04
Sold
$410,000
09/09/03
Sold
$347,000
Condition Rating
Fair
The property, built in 1920, has received recent cosmetic updates including new appliances (refrigerator, stove, dishwasher) and windows, and fresh paint. However, the kitchen layout is extremely basic with minimal cabinetry, and the terracotta-style flooring is dated. The bathroom features a functional but dated shower enclosure with gold-toned trim. Heating is via wall units, and there's no apparent central AC. While clean and functional, the property requires further updates to the kitchen design, bathroom style, and HVAC system to meet modern standards and comfort, aligning with the 'fair' condition criteria of an aged home maintained with occasional updates, where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Mixed-Use Zoning: The property benefits from Mixed-Use (LOGC) zoning, offering significant flexibility for both residential and commercial applications, enhancing its investment potential and versatility.
Strategic Location & Accessibility: Situated in a 'great location' on Narbonne Avenue with 'easy access,' providing excellent visibility and convenience within Lomita.
Recent Appliance & Window Upgrades: Key components such as the refrigerator, stove, dishwasher, and windows have been recently replaced, reducing immediate capital expenditures for a new owner.
Desirable Outdoor Living Space: Features a 'great patio in the back,' offering valuable private outdoor space for relaxation, entertaining, or potential commercial amenity use.
Neighborhood View: The property offers a pleasant neighborhood view, contributing to its overall appeal and living environment.
Cons
Advanced Age of Structure: Built in 1920, the property is over a century old, which may imply potential for unseen structural or system-related maintenance and repair needs beyond the noted upgrades.
Limited Residential Footprint: With only 816 sqft, 1 bedroom, and 1 bathroom, the residential component is quite small, potentially restricting its appeal to a narrow demographic or requiring significant renovation for larger living needs.
Price Point for Residential Size: The list price of $830,000 for a property of this size and age, despite its mixed-use zoning, might be considered high for purely residential buyers, potentially narrowing the market to those specifically seeking the commercial aspect.