For Sale
$5,575,000

1312 Hermosa AveHermosa Beach, CA 90254

Prime Hermosa Beach retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of four street-front retail suites totaling 6,470 square feet, situated on Hermosa Avenue in the heart of Hermosa Beach, California. The property, built in 1922 and renovated in 2012, boasts 100% occupancy with four tenants, generating a substantial net operating income (NOI) of $280,268 and a 5.00% cap rate. The asking price is $5,575,000. Located at 1312, 1314, 1316, and 1320 Hermosa Avenue, this collection benefits from a prime location within the main retail trade area, experiencing high vehicular traffic. The property sits on a 7,994 square foot lot and is zoned HBC2YY. This vibrant area is known for its high-quality dining, entertainment, and retail options, attracting both affluent residents and a large influx of tourists annually. The average household income within a one-mile radius exceeds $180,000, and the Hermosa Beach Boardwalk sees over 8 million visitors each year. This presents a rare opportunity to acquire a highly desirable retail property in a market with limited inventory and high barriers to entry, ensuring strong rental rates and long-term value appreciation. The property's irreplaceable location and strong financial performance make it an attractive investment for discerning buyers.

Highlights

  • Irreplaceable Hermosa Beach location.
  • Significant street frontage on Hermosa Avenue.
  • Prime pedestrian location in a high-traffic retail area.
  • Strong rental rates with 100% occupancy and a $280,268 NOI.
  • High barriers to entry in a desirable, limited-inventory market.
  • Affluent demographics with average household income exceeding $180,000 within one mile.

Property Details for 1312 Hermosa Ave

Property type
Retail properties, Retail space
Square Feet
6,470 SF
Year Built/Renovated
1922/2012

Location Insight

City
Hermosa Beach
County
Los Angeles
State
California
Latitude
33.8631811
Longitude
-118.4000393
1312 Hermosa Ave, Hermosa Beach, California

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1312 Hermosa Ave
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