1312 Hermosa AveHermosa Beach, CA 90254
- Retail properties
- 6,600 SF
Property Details for 1312 Hermosa Ave
- Year built
- 1922
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.18 AC
- Property size (Sq ft)
- 6,600 SF
- Zone code
- HBC2YY
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 4183-013-068
- APU
- 4183013068
Description
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.
Location Insight
- City
- Hermosa Beach
- County
- Los Angeles
- State
- California
- Latitude
- 33.8633
- Longitude
- -118.4
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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