1401 Hermosa Avenue Hermosa Beach, CA ^$ 5,900,000

1401 Hermosa Avenue

^$ 5,900,000

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1401 Hermosa Avenue

Hermosa Beach, CA, 90254

^$ 5,900,000

Studio Baths0.0 Sq 4,675

Monthly Estimate*

^$ 39,213

Listed by Chhabria Real Estate Company

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 1

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 2

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 3

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 4

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 5

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 6

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 7

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 8

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 9

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 10

1401 Hermosa Avenue, Hermosa Beach, CA 90254 - Image 11

Studio

Commercial Property for sale in Hermosa Beach, CA

for $5,900,000. This 4,675 square foot building was built in 1956 on a lot size of 0.1318.

Exclusive stand-alone commercial building in Downtown Hermosa Beach! The 4,675 square feet of useable space the building offers is conveniently located one block from the beach. The building has been fully renovated, undergoing a down-to-the-studs remodel in 2020. It has a total of 5 single level street-facing units and is zoned HBC2YY. The building serves as a great investment opportunity and a real estate gem to add to your portfolio. It is surrounded by restaurants, shops, and hotel accommodations while being located only 2 blocks North of the Hermosa Beach Pier. With only a finite amount of commercial real estate available in Downtown Hermosa Beach, this building is a luxury you cannot afford to miss out on!

Commercial Active

Price

^$ 5,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Retail

Lot Size

0.1318

Year Built

1956

Town/City

Hermosa Beach

County/Region

Los Angeles

MLS | Web ID

SB24021212

Days on Market

123

Features

General

Heating ForcedAir

Utilities CableConnected ElectricityConnected NaturalGasConnected SewerConnected WaterConnected

Roof Flat

Zoning HBC2YY

Security Features SecuritySystem CarbonMonoxideDetectors SmokeDetectors

Year Built 1956

Property SubType Retail

Waterfront Features BeachAccess OceanAccess

County Los Angeles

Net Operating Income 189389.79

Operating Expense 109600.0

Insurance Expense 5000.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Hermosa Avenue >14th Street

City Hermosa Beach

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 5

MLS Area 148 - Hermosa Bch Sand

Lot Size Units SquareFeet

Lot Size Square Feet 5743.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 5

Street Name Hermosa

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 3600.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Occupancy Type Tenant

Property Sub Type Additional Retail

Cap Rate 3.2

Exterior

Lot Features Item01UnitAcre

Water Source Public

Lot Size Area 5743.0

Number of Buildings 2

Spa N

Building Area Total 4675.0

Lot Dimensions 60' x 95'

Lot Size Acres 0.1318

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1401

* Excluded Features

List By

Chhabria Real Estate Company

Broker

(310) 704-1395

Phone

Affordability Calculator

$39,213

Per Month

Monthly Principal & Interest: $39,213
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Hermosa Beach, CA

Average List Price ^$4,382,275

Percent of Sale Price 26%

About Hermosa Beach, CA

19,507 Population

6% Since 2002

^$126,294 Median Income

40.13 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/30/2024	$5,900,000		Listed Price

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1401 Hermosa Avenue, Hermosa Beach, CA, 90254 is a Commercial Property for sale at $5,900,000 with 4,675 sqft and a lot size of 0.1318. 1401 Hermosa Avenue is a studio with 0.0 baths and was built in 1956. The property's zip code is 90254 which is in Hermosa Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/1/2024. 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.

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1401 Hermosa Avenue

Commercial Property for sale in Hermosa Beach, CA

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