1242 Hermosa Avenue, Hermosa Beach, CA 90254 | SB21232277 | Vista Sotheby’s International Realty

1242 Hermosa Avenue $7,899,000

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    1242 Hermosa Avenue Hermosa Beach, CA 90254

    • 9,551 sq. ft.
    • 0.18 Acres
    • Commercial Sale
    • MLS# SB21232277
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    Views: 37 Days On Market: 37

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    Property Details

    Fully leased commercial building with four units in prime location in downtown Hermosa Beach -- only one block from the beach! The building was completely remodeled in 2013 with high-end finishes. Total square footage increased to 9,551 SF comprised of four separate units: 3,401 SF, 3,182 SF, 1,168 SF and 1,800 SF. Great opportunity for owner/user or investment property in highly desirable area. High traffic area with tourists and locals -- and conveniently located to the pier, beach, shops and restaurants.

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    Neighborhood

    90254 (Hermosa Beach) Demographics

    39 Median Age
    9,665 Population Density (per sq. mile)
    82% College Educated
    $136,702 Estimated Median Income
    4,245 Estimated Total Home Owners
    4,711 Estimated Total Renters
    47% / 53% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    19,539 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,867,500 Median Sales Price
    18 Homes Sold
    20 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: Multiple Listing Service New Value: $7,899,000
        10/21/2021 5:48:00 PM New in Database Source: Multiple Listing Service New Value: $7,899,000

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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 11/27/2021 2:38:23 PM. 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.