Listed By:
Neil Chhabria with Chhabria Real Estate Company; 310-902-7227
1242 Hermosa Avenue, Hermosa Beach, CA
$ 7,899,000
Property Attributes
  • MLS#SB23020932
  • TypeContingent
  • CityHermosa Beach
  • AreaHermosa Bch Sand
  • Zip90254
  • StyleRetail
  • Price$ 7,899,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9551
  • Lot Size8,004 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Fully leased commercial building with four units in prime location in downtown Hermosa Beach -- only one block from the beach! The building was completely remodeled in 2013 with high-end finishes. Total square footage increased to 9,551 SF comprised of four separate units: 3,401 SF, 3,182 SF, 1,168 SF and 1,800 SF. Great opportunity for owner/user or investment property in highly desirable area. High traffic area with tourists and locals -- and conveniently located to the pier, beach, shops and restaurants.

Price History
2/8/2023 Listed $7,899,000

General Features

Building Area Units Square Feet
Cap Rate 4.5
City Hermosa Beach
Co-Listing Agent State License # 01908741
Cooling See Remarks
County Los Angeles
Directions x street 14 st street
Insurance Expense 6356.88
Listing Agent Neil Chhabria - BRE#01821437
Listing Agent State License 01821437
Listing Terms Cash, Cash to New Loan, Conventional
Lot Size Square Feet 8004
MLS Area 148 - Hermosa Bch Sand
Maintenanceexpense 4620
Net Operating Income 356647.86
Number of Units Leased 4
Occupancy Description Tenant
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Special Listing Conditions Standard
Standard Status Active Under Contract
Status Active Under Contract
Street Name Hermosa
Trash Expense 6706.68
Water Sewer Expense 7998.24

Interior Features

Air Conditioning Y/N Yes
Laundry Features None
Livingareasource Assessor
Street Suffix Avenue

Exterior Features

Buyer Agent Compensation 2.000
Buyer Agent Compensation Type %
Building Area Total 9551
Lot Features Rectangular Lot, Street Level
Lot Size Acres 0.1837
Lot Size Area 8004
Lot Size Source Assessor
Lot Size Units Square Feet
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 90254

AVG $5.31M
AVG 124

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