1332 Hermosa Ave - Storefront Retail/Office FOR SALE
Hermosa Beach, CA 90254 |
$11,721,000 USD
310-919-5737
1332 Hermosa Ave
Hermosa Beach, CA 90254
HIGHLIGHTS
- Prime Hermosa Ave location in the city's core restaurant, nightlife and retail district.
- 91% occupied with durable in-place income and manageable vacancy opportunity.
- Near-term lease rollover creates opportunity to mark below-market rents to current levels.
- Ownership can reposition tenants and increase rental income through targeted leasing.
- Rare coastal value-add opportunity in a difficult-to-replicate market with 3M+ annual visitors.
- Below-market in-place rents provide a clear path to enhance NOI and create long-term value.
FOR SALE DETAILS
PRICE
$11,721,000 USD
PRICE/SF
$775 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hermosa Courtyard
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1954
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.28 AC
LAND SF
12,197 SF
ZONING
HBC2
APN/PARCEL ID
4183-013-069
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310-919-5737
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310-919-5737
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