1630 Pacific Coast Highway Hermosa Beach, CA 90254

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$7,995,000

Market Estimate

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7,500 sq. ft.
0.46 Acres
Commercial Sale
MLS# SB18015725

1630 Pacific Coast Highway, Hermosa Beach, CA 90254

Listing provided courtesy of: Real Estate West, Inc.

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Views: 373 Days On Market: 1127

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Property Details

Description Tours

Large feestanding building in a very high profile location with great visibility. 200 ft X 100 ft corner lot with 200 ft frontage on Pacific Coast Highway. This is the prime commercial development opportunity located in the heart of Hermosa Beach. Existing 7,520 SF retail building on a 20,000+ sq.ft. commercial land parcel. Can also occupy as owner/user or purchase as leased investment. Existing income stream to help support entitlement expenses. Within walking distance of Hermosa Beach Pier and Oceanfront, The property is very close to the downtown district, the beach, 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. Zoning: Special Planning Area 8 - Allows all commercial uses as those permitted in the C-3 General Commercial zone. This is the broadest commercial zone in Hermosa Beach. Allowed uses include retail, office, restaurants, service & hospitality among many others. Future development feasibility study available for review. Listing agent is owner of the property.

General Features
- County Or Parish Los Angeles
- Number Of Buildings 1
- Number Of Units Leased 1
- Year Built 1958
Building Features
- Cooling None
- Electric Standard
- Heating Central
- Laundry Features None
- Roof Composition,Elastomeric,Flat
Property Features
- Fencing None
- Lot Features Level with Street,Lot 20000-39999 Sqft,Rectangular Lot
- Lot Size Acres 0.46
- Lot Size Dimensions 200 Ft X 100 Ft
- Parking Total 16.00

Contact

Matt Cox

Global Real Estate Advisor

DRE# 02076282

Malaga

Mobile Phone: 903-815-3088

Neighborhood

90254 (Hermosa Beach) Demographics

38 Median Age

13,823 Population Density (per sq. mile)

79% College Educated

$121,345 Estimated Median Income

4,348 Estimated Total Home Owners

4,849 Estimated Total Renters

47% / 53% Estimated Owner / Renter Divide

4 Estimated Average Household Size

19,726 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$2,445,000 Median Sales Price

15 Homes Sold

34 New On Market

Average Days on Market

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $7,995,000
1/22/2018 12:17:00 PM	New in Database Source	New Value: $7,995,000

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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Based on information from California Regional Multiple Listing Service, Inc. as of 2/26/2021 7:22:48 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

1630 Pacific Coast Highway $7,995,000