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1120-1124 Hermosa Ave 4,080 SF Vacant Retail Building Hermosa Beach, CA 90254 $3,690,000 ($904.41/SF) 4.30% Cap Rate
Investment Highlights
- Great Location with great appeal.
Executive Summary
Retail sites, 1120 was Poke & Boba Prince Cafe. Has 1560 sf. with additional office space upstairs of 452 sf.
1124 is a 1560 sf. vacant office space and an additional upstairs space of 356 sf. Subject site is 4000 sf. 40x100 with additional parking garage in back.
All within 1 block of the beach.
1124 is a 1560 sf. vacant office space and an additional upstairs space of 356 sf. Subject site is 4000 sf. 40x100 with additional parking garage in back.
All within 1 block of the beach.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
4,080 SF
Building Class
C
Year Built
1947
Price
$3,690,000
Price Per SF
$904.41
Cap Rate
4.30%
NOI
$158,670
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.09 AC
Zoning
C2 - Office / Retail
Frontage
40’ on Hermosa Ave.
Amenities
- Restaurant
- Skylights
- Smoke Detector
Very walkable
80/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4187-006-007 | Improvements Assessment | $60,525 |
| Land Assessment | $78,425 | Total Assessment | $138,950 |
Property Taxes
Parcel Number
4187-006-007
Land Assessment
$78,425
Improvements Assessment
$60,525
Total Assessment
$138,950
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1120-1124 Hermosa Ave
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