855.375.4001
Listed by slampe@remaxcir.com - Stephen Lampe - Re/Max Commercial & Investment
$7,400,000 affordable loan icon Calculate Payment

1242 Hermosa Avenue Hermosa Beach, CA 90254

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Retail Residence
Beds
Baths
... Bed/Bath
9,551 Sq. Ft.

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Last updated on 7/2/2024 4:04 AM
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 st...ylish 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. Continue reading
MLS#
SB24045918
Property Type
Retail
Year Built
1924
Square Feet
9,551 sq. ft
Lot Size
0.18
Sewer
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Listed by slampe@remaxcir.com - Stephen Lampe - Re/Max Commercial & Investment
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 7/2/2024 4:04 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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