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$7,400,000
131 Days Online

1242 Hermosa Avenue
Hermosa Beach, CA 90254

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
9,551
SqFt
$775
/SqFt
1924
Built
County:
Los Angeles
Listed by Stephen Lampe of Re/Max Commercial & Investment [email protected]

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1242 Hermosa Avenue1242 Hermosa Avenue1242 Hermosa Avenue1242 Hermosa Avenue
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Located in the vibrant downtown area of Hermosa Beach, this prime retail building features four tenants on net leases; and underwent a full remodel in 2013. Its A+ location is just one block from the beach, surrounded by high-end retail outlets, restaurants, the iconic Hermosa Beach Pier, and the stylish H2O Hermosa hotel. The property boasts excellent frontage, ensuring high visibility to the approximately 30,000 vehicles passing by daily. Additionally, the area sees significant pedestrian foot traffic, with a population of 25,000 within a 1-mile radius and 155,000 within a 3-mile radius. The average annual household income in the area is $149,500. A key feature of this property is the assumable loan of $3,300,000 at a fixed interest rate of 4.50% until December 2024. The principal balance is due in December 2026, offering a favorable financing opportunity for potential buyers.

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Listing Snapshot
Price 
$7,400,000
Days Online 
131 Days
Bedrooms 
N/A
Inside Area (SqFt) 
9,551 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1837 Acres
Year Built 
1924
MLS® Number 
SB24045918
Status 
Active
Property Tax 
$78,440
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
4 months agoListing first seen online
General Features
Number of Stories 
2
Acreage 
0.1837
Water 
Public
Property Sub Type 
Retail
Utilities 
Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Zoning 
HBC2YY
Listing Conditions 
Standard
Interior Features
Laundry Features 
None
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Exterior Features
Lot 
LevelRectangular Lot
Community Features
MLS Area 
148 - Hermosa Bch Sand


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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