Price Reduction
Listing Provided Courtesy Of:
L'mar Kojani with Keller Williams Beach Cities - 310-733-6819
Address
1501 Hermosa Avenue, Hermosa Beach, CA
Price
$ 950,000
Property Attributes
  • MLS#SB22105517
  • TypeCommercial
  • CountyLOS ANGELES
  • CityHermosa Beach
  • AreaHermosa Bch Sand
  • Zip90254
  • Style
  • Price$ 950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1000
Listing Provided Courtesy Of:
L'mar Kojani with Keller Williams Beach Cities - 310-733-6819
Data Source:
California Regional MLS (CRMLS)
Property Description

Established Restaurant, yet excellent growth potential. Fantastic Hermosa Beach Location! Extremely rare opportunity to own an established and profitable business. It is a beautiful, upscale restaurant, but can be described as affordable. It is located just one block from the beach in a thriving beach community. The restaurant has an excellent reputation in the community, having received numerous awards for its consistently delicious and fresh food and excellent service. The atmosphere is open and extremely bright with all the natural light from its windowed, busy main street corner location. The seating capacity is 60, 38 inside and 22 outside for customers to enjoy the incredible location. This restaurant has thrived at this location for 17 years, yet still offers an experienced operator the opportunity to grow revenues. The restaurant is located across the street from a new hotel, and hours of operation can be expanded to lunch and dinner and to 7 days a week, an excellent opportunity for growth in revenue, staffing and clientele. The existing rent is very reasonable, and all equipment is owned free of debt and is included in the sale. The current owner is willing to consult the new owner throughout the transition. A key employee or two are willing to stay on with the new ownership indefinitely.

Price History
5/18/2022 Listed $1,700,000
6/8/2022 45% - $950,000

General Features

Business Type Restaurant
Co-Listing Agent State License # 02087434
Co-listing Agent Nancy Roman Alpough - BRE#02087434
Listing Agent L'mar Kojani - BRE#01970704
Listing Agent State License 01970704
MLS Area 148 - Hermosa Bch Sand
Property Type Business Opportunity
Status Active
Total Actual Rent 5000

Interior Features

Seatingcapacity 60

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 Commercial Average in 90254

Price
AVG $2.08M
$950K
Visits
AVG 80
28
Walkscore
AVG 94
95
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.