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1242 Hermosa Ave Hermosa Beach, CA, 90254
$7,400,000 Commercial for sale Retail
Located in the vibrant downtown area of Hermosa Beach, this prime retail building features four tenants on net leases; and underwent a full remodel in 2013. Its A+ location is just one block from the beach, surrounded by high-end retail outlets, restaurants, the iconic Hermosa Beach Pier, and the stylish H2O Hermosa hotel. The property boasts excellent frontage, ensuring high visibility to the approximately 30,000 vehicles passing by daily. Additionally, the area sees significant pedestrian foot traffic, with a population of 25,000 within a 1-mile radius and 155,000 within a 3-mile radius. The average annual household income in the area is $149,500. A key feature of this property is the assumable loan of $3,300,000 at a fixed interest rate of 4.50% until December 2024. The principal balance is due in December 2026, offering a favorable financing opportunity for potential buyers.
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Property details
9,551 sqft interior area
Land area
8,004 sqft (0.18 acres)
Days on Verhouse
69
Address
1242 Hermosa Ave, Hermosa Beach, CA, 90254
City of California
Hermosa Beach
County
Los Angeles
Year Built
1924
District
Listing
Nearby major retailers
Costco
Walmart Neighborhood Market
Toyota
T-Mobile
Trader Joe's
Whole Foods Market
Wholesale: 1
Supermarket: 10
Car: 1
Mobile phone: 5
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Interior Features
—
Utilities Included
Cable Connected, Electricity Connected, Natural Gas Connected, Other
Listed by
Stephen Lampe, Re/Max Commercial & Investment
Name
Stephen Lampe
License number
01164364
Brokerage company
Re/Max Commercial & Investment
MLS #
CRSB24045918
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Calculate your monthly payments
Mortgage
$22,720
Taxes
$0
HOA dues
$0
Mortgage
$1,480,000 / 20%
2.28%
30 years
Your amount
$22,720 / month
Lot details
TMK #4183013067
Parcel nr.
4183013067
90254 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90254
45%
Families with children
National average: 39%
38%
Non family households
342,934
Population
$135,765
Average Income
Age & gender
Median age 41 years
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Commute types
84% commute by car
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Education level
37% have bachelor education
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Number of employees
2% work in management
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Vehicles available
46% have 2 vehicle
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Vehicles by gender
46% have 2 vehicle
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Housing market insights for
$2.13m
Neighborhood average
sales price*
sales price*
$1.7m
Neighborhood median
sales price*
sales price*
485
Number
of sales*
of sales*
Housing type
51% are single detacheds
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Rooms
37% of the houses have 4 or 5 rooms
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Bedrooms
61% have 2 or 3 bedrooms
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Owners vs Renters
55% are owners
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18.83 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Mar 6, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 6, 2024 | New Listing | $7,400,000 -6.32% | 0 | MLS #CRSB24045918 |
| Dec 1, 2023 | Unavailable | $7,899,000 | 0 | MLS #CRSB23020932 |
| Feb 7, 2023 | New Listing | $7,899,000 | 0 | MLS #CRSB23020932 |
Taxes of 1242 Hermosa Ave, Hermosa Beach, CA, 90254
HBC2 zoning / MLS #CRSB24045918
Zoning
HBC2
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Frequently Asked Questions about 1242 Hermosa Ave
What is 1242 Hermosa Ave?
1242 Hermosa Ave is a Commercial/Industrial propertywith 9,551 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1242 Hermosa Ave, Hermosa Beach, CA, 90254.
What comparable properties are nearby?
Comparable nearby commercial properties include 1401 Hermosa Ave, 908 Manhattan Ave, 47 21st Ct, 824 1st St, 220 S Pacific Coast Hwy, 2705 N Sepulveda Blvd.
Based on information from the bridgeMLS as of 05-13-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Mar 06, 2024
Verhouse Last checked 4 minutes ago
The closest grocery stores are Vons 2110, 0.37 miles away and Trader Joe's, 0.46 miles away.
The 90254 zip area has a population of 342,934, and 45% of the families have children. The median age is 41.49 years and 84% commute by car. The most popular housing type is "single detached" and 55% is owner.
