Skip To Content

1242 Hermosa Avenue

Hermosa Beach, CA 90254
  • $7,899,000
  • STATUS: Active Under Contract
  • ON SITE: 43 Days
  • ID#: SB21232277
Under Contract
UPDATED: 32 min ago
$7,899,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent: Neil Chhabria of Chhabria Real Estate Company and Anand Chhabria of Chhabria Real Estate Company


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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T08:25:12.213. 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 deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
www.thefoxfactor.com/homes/122654360
Print Image

1242 Hermosa Avenue Hermosa Beach, CA 90254

  • Price: $7,899,000
  • Status: Active Under Contract
  • On Site: 43 Days
  • Updated: 32 min ago
  • ID#: SB21232277
0
Beds
0
Baths
0
½ Baths
0.18
Acres
Neighborhood:
148 - Hermosa Bch Sand
County:
Los Angeles
Area:
148 - Hermosa Bch Sand
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.
Exterior Features

Lot Features Rectangular LotStreet Level

Interior Features

Cooling See Remarks Cooling YN Yes

Property Features

Additional Parcels YN No Cap Rate 3.06 Common Interest None Electric Expense 2116 Gross Scheduled Income 311442 Insurance Expense 5426 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 6826 Net Operating Income 241743 Number Of Units Leased 4 Property Sub Type Retail Special Listing Conditions Standard Trash Expense 3253 Water Sewer Expense 2116 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T08:25:12.213. 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 deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367460189-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367460189-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367460189-1.jpg
Logo
Fox Real Estate Team | HomeSmart Realty West
300 Carlsbad Village Drive #217
Carlsbad CA, 92008
Listing Agent: Neil Chhabria of Chhabria Real Estate Company and Anand Chhabria of Chhabria Real Estate Company