$6,400,000
$6,995,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
0.46 Acres Lot
SOLD DATE : 12/22/2021
Key Details
Sold Price $6,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB18015725
Sold Date 12/22/21
HOA Y/N No
Year Built 1958
Lot Size 0.460 Acres
Lot Dimensions Assessor
Property Description
Large freestanding building in a very high profile location with great visibility. 204 ft X 100 ft corner lot with 204 ft frontage on Pacific Coast Highway. This is the prime commercial development opportunity located in the heart of Hermosa Beach. Existing 7,500 sq.ft. retail building on a 20,400 sq.ft. commercial land parcel. Can occupy as an owner/user or purchase as a leased investment. Existing income stream will help support entitlement expenses while working on a future development. The property is very close to the downtown commercial district, the Pier and the Oceanfront the 405 Freeway and LAX; Ideal year-round climate; Excellent demographics. Freestanding Retail Building has Over 120’ of Window Frontage and 204’ of Street Frontage. 16 On Site Parking Plus Street Parking. 53,000 Motorists Per Day on Pacific Coast Highway. C-3 General Commercial Zoning will allow retail, office, restaurants, service & hospitality among many others. Future development feasibility study available for review.
Location
State CA
County Los Angeles
Area 150 - Hermosa Bch East
Zoning HBC3YY
Interior
Heating Central
Cooling None
Fireplace No
Laundry None
Exterior
Fence None
Roof Type Composition,Elastomeric,Flat
Total Parking Spaces 16
Building
Lot Description Rectangular Lot, Street Level
Story 1
Water Public
Others
Tax ID 4185005005
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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