- N/A BR
- 0 BA
- N/A SqFt.
- 5,743 Lot
- $5,900,000
- Active
- DOM: 93
Description
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 for 1242 Hermosa Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Stephen Lampe
- Listing Brokered By
- Re/Max Commercial & Investment
- Type
- Commercial Sale, Retail
- Year Built
- 1924 (Assessor)
- MLS Area
- 148 - Hermosa Bch Sand
Price and MLS Information
- Status
- Active | Listing History
- MLS Days on Mkt.
- 57 DOM
- Combined DOM*
- 57
- First Date Active
- March 6th, 2024
- Current Price
- $7,400,000
- Orig. List Price
- $7,400,000
- MLS® #
- SB24045918
- APN
- 4183013067
- Special
- Standard
Room Information
- Laundry
- None
Exterior Information
- Lot Description
- Level, Rectangular Lot
- Lot Size (sq. ft.)
- 8,004
- Lot Size (acres)
- 0.18
Utilities Information
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
- Water Source
- Public
Additional Information
- Zoning
- HBC2YY
- Buyer's Brokerage Fee
- 2.000
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
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Listing/Price History
1242 Hermosa Avenue, Hermosa Beach, (MLS® #SB24045918)
| Date | Details | Price | Change |
|---|---|---|---|
| First Day Active | $7,400,000 | – |
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Listing Summary
Quick Summary of 1242 Hermosa Avenue: This home in Hermosa Beach is priced at $7,400,000 . The Retail residence was originally built in 1924 and was listed on March 6th, 2024 at $7,400,000, showing 57 Days on Market currently. Contact Dave Fratello today for more information or to go see 1242 Hermosa Avenue.
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Recent Listings Similar to 1242 Hermosa Avenue, Hermosa Beach
Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 11:55pm PDT. 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.
