Address
1242 Hermosa Avenue, Hermosa Beach, CA
Price
$ 7,899,000
Property Attributes
- MLS#SB23020932
- TypeContingent
- CountyLOS ANGELES
- 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 |
Amenities
- 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
Price
Visits
Based on information from California Regional Multiple Listing Service, Inc. as of September 25, 2023 6:07 AM UTC 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. 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, 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.
The MLS™ Combined LA/Westside MLS® (CLAW): All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
