Price Reduction - Waterfront
Address
1630 Pacific Coast Highway Hermosa Beach, CA
Price
$ 6,995,000
Property Attributes
  • MLS#SB18015725
  • TypeCommercial
  • CountyLOS ANGELES
  • CityHermosa Beach
  • AreaHermosa Bch East
  • Zip90254
  • StyleRetail
  • Price$ 6,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7500
  • Lot Size0.46 Acres
Listing Provided Courtesy Of:
Jonathan Coleman with Real Estate West, Inc. - 310-991-0929
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

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.

Price History
1/22/2018 Listed $9,500,000
9/18/2018 11% - $8,500,000
12/20/2019 6% - $7,995,000
9/3/2021 13% - $6,995,000

General Features

Business Type Retail
Construction Materials Drywall, Frame, Concrete, Plaster, See Remarks, Steel
Cooling None
Electric Standard
Heating Central
Listing Agent Jonathan Coleman - BRE#00808758
Listing Agent State License 00808758
MLS Area 150 - Hermosa Bch East
Open Parking Spaces 16
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Roof Composition, Elastomeric, Flat
Special Listing Conditions Standard
Status Active
Terms Conventional
Virtual Tour https://www.planomatic.com/164823
Virtual Tour https://www.planomatic.com/164823
Zoning HBC3YY

Interior Features

Heating Y/N Yes
Laundry Features None

Exterior Features

Fencing None
Lot Dimensions 200 Ft X 100 Ft
Lot Features Rectangular Lot, Street Level
Lot Size Acres 0.46
Lot Size Area 20054
Lot Size Source Assessor
Lot Size Square Feet 20054
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 16
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90254

Price
AVG $2.21M
$7M
Visits
AVG 74
262
Year Built
AVG 1980
1958
Walkscore
AVG 92
94
Data Provided by Walkscore ® not using MLS data

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