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750 4th St 4,320 SF 100% Leased Retail Building Hermosa Beach, CA 90254 $2,899,000 ($671.06/SF)
INVESTMENT HIGHLIGHTS
- Rare Owner User with Apartment income in Hermosa Beach
- Strategically Located on a corner lot on Pacific Coast Highway
- Daily Car Counts exceeding 57,000 cars per day
- Blocks from the Beach
- Unmatched Visibility and Branding Opportunity for the Ground Floor Retail/Office
- Affluent Beach Cities Demographics
EXECUTIVE SUMMARY
This ±4,320 SF mixed-use property (retail/multifamily) features in-place income via three (3) recently remodeled 2nd floor apartment units (see Property Description section for unit breakdown) in the extremely low vacancy/supply constrained South Bay market of Hermosa Beach.
The multifamily vacancy rate in the Beach Cities is routinely amongst the lowest of all Southern California submarkets. The property’s use mix creates tremendous intrinsic value and long-term stability.
In addition, the opportunity presents an ideal opportunity for either an Owner/User or Value-Add Investor through the ±2,260 SF ground floor retail suite which is available for occupancy at close of escrow. The suite was recently renovated and includes an ADA bathroom, new HVAC, plumbing, electrical, water heater and a small warehouse area with roll-up door. The suite was most recently improved as a specialty (higher end) meat & wine market.
All apartments were fully renovated within the last few years.
The multifamily vacancy rate in the Beach Cities is routinely amongst the lowest of all Southern California submarkets. The property’s use mix creates tremendous intrinsic value and long-term stability.
In addition, the opportunity presents an ideal opportunity for either an Owner/User or Value-Add Investor through the ±2,260 SF ground floor retail suite which is available for occupancy at close of escrow. The suite was recently renovated and includes an ADA bathroom, new HVAC, plumbing, electrical, water heater and a small warehouse area with roll-up door. The suite was most recently improved as a specialty (higher end) meat & wine market.
All apartments were fully renovated within the last few years.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,320 SF
Building Class
C
Year Built/Renovated
1938/2025
Price
$2,899,000
Price Per SF
$671.06
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
1.91
Lot Size
0.05 AC
Zoning
C3
Parking
2 Spaces (0.46 Spaces per 1,000 SF Leased)
Frontage
40’ on Pacific Coast Hwy
AMENITIES
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Storage Space
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4188-029-024 | Improvements Assessment | $786,004 |
| Land Assessment | $1,557,594 | Total Assessment | $2,343,598 |
PROPERTY TAXES
Parcel Number
4188-029-024
Land Assessment
$1,557,594
Improvements Assessment
$786,004
Total Assessment
$2,343,598
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