1242-1248 Hermosa Avenue, Hermosa Beach, CA 90254
Price: $9,000,000

PROPERTY DETAILS

Beautiful 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. FULLY LEASED. Current tenants have a 3% annual rent increase. CAP rate is 4.5%. Great opportunity for owner/user or investment property in highly desirable area. High traffic area with tourists and locals -- walk to the pier, beach, shops and restaurants.

 

Fact Sheet
  • MLS#: SB18255806
  • Square Feet: 9551
  • Lot Square Feet: 8004

Palos Verdes Estates: 717 Yarmouth Rd., Palos Verdes Estates, CA 90274
Torrance: 3730 Pacific Coast Highway, #202 Torrance, CA 90505
Office Number: 310-379-2167

Broker ID# 1923145
CalRE# 00874072
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