Listed by Christopher Ponsonby, The Real Estate Store,

318 Pier Avenue

Hermosa Beach, CA, 90254

$7,000,000

$1,235 per ft²
$7,000,000
$1,235 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
5,665 ft²
property_type
Commercial
calendar
Built 1923
Outstanding Hermosa Beach Ocean View Commercial opportunity! Corner lot with ocean views at Monterey & Pier Ave. Over 108’ of frontage on upper Pier Ave. Addresses include: 302 to 318 Pier Ave Hermosa Beach CA. Plus 2 offices & a 6 car parking lot at 1326 /1328 Monterey Bl. Also a Single-family 2 bedroom 1 bath house with driveway for parking and an Ocean view deck at 1271 Sunset Dr. Zoned; store office, residential & mixed use. Two APN’s 4187-011-012 & 4187-011-013 Combined square footage land 9381’ Buildings 5665. Lot size` 108.8' on Pier Ave, 72.3' on Monterey Blvd, 115.3 ft on Sunset Drive. Same owners for 50+ years. Mostly all long term tenants who prefer to stay. Only one lease over 1 year. Tenants & address are as follows *302 Pier Frito Misto Italian Restaurant *312 Pier Marx Hair Salon *308 Pier Ave Sugar Dane Two Guns Coffee & Cookie shop *318 Pier Ave Uncorked Wine shop & Tasting Patio *1328 Monterey Blvd TRES Brokers Real Estate *1326 Monterey Blvd Hair Salon *1271 Sunset Dr Single Family house. Sellers intends to sell both APN together but might consider selling separate. Given the phenomenal upper pier Ave corner location in a high rental demand, consistent income this property provides, this is a outstanding opportunity to own a quality income producing asset in wonderful Hermosa Beach for any real estate investor. (Not to mention possible future building- buyers please confirm w city) There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants or discuss this sale with them.
MLS® ID:
SB22167569
Listed:
7/29/22
Updated:
9/27/22
RE/MAX Estate Properties
Cecily Lee

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
In Garage

Exterior/Building Features

Lot Size
9,381 ft² lot
Lot Details
0-1 Unit/Acre

Other Property Details

Area Name
148 - Hermosa Bch Sand
Garage
No
Parking
N
Parking Total
8.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Total Stories
1
Zoning
Mixed Use

Property History

Date
Event
Price
Value
8/29/22
Active Under Contract
-
-

 

Listed by Christopher Ponsonby, The Real Estate Store,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/27/22. 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.

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Data last updated 12:52 AM UTC, 9/27/22

RE/MAX Estate Properties
Cecily Lee
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