Price Reduction
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
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Based on information from California Regional Multiple Listing Service, Inc. as of July 6, 2022 1:11 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
