Hermosa Beach CA  home offered at $6,995,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

Currently viewing 1 of 500
1630 Pacific Coast Highway
Hermosa Beach, California CA 90254
Sold For: $6,400,000
Listing ID: SB18015725
Price/SqFt: $853.33
Status: Closed
Sold Date: 12/22/2021
SqFt: 7,500 Sq Ft
Year Built: 1958

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.

Primary Features

County: Los Angeles
Price Before Reduction: 7995000
Price Reduction Date: 2021-09-03T21:20:00+00:00
Price/SqFt: 853.33
Property Sub Type: Retail
Property Type: Commercial Sale
Year Built: 1958
Zoning: HBC3YY

Interior

Building Area Units: Square Feet
Condo Area Units: Square Feet
Cooling Type: None
Cooling: no
Heating: yes
Heating Type: Central
Laundry Features: None
Stories Total: 1

External

Construction Materials: Concrete, Drywall Walls, Frame, Plaster, See Remarks, Steel
Electric: Standard
Fence: no
Fencing: None
Lot Size Source: Assessor
Minimum Total Area Units: Square Feet
Number Of Buildings: 1
Parking Total: 16
Roof: Composition, Elastomeric, Flat
Signage: Sign Freestanding
Uncovered Spaces: 16
Water Source: Public

Location

Country: US
MLS Area Major: 150 - Hermosa Bch East

Additional

Additional Parcels: no
Asset Class: Retail
Building Status: Existing
Days On Market: 1413
Land Use: Office, Other, Retail
List Agent State License: 00481263
List Office State License: 00707775
Max Total Area Units: Square Feet
Number Of Units Leased: 1
Parcel Number: 4185005005
Year Built Source: Assessor

Financial

Current Financing: None
Gross Scheduled Income: 240000
Net Operating Income: 20000
Special Listing Conditions: Standard

Zoning Info


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Listed by: RobertSchumann, DRE #00481263 from Real Estate West, Inc. 310-546-3441

Contact - Listing ID SB18015725

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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