1630 Pacific Coast Highway $6,995,000

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    1630 Pacific Coast Highway Hermosa Beach, CA 90254

    • 7,500 sq. ft.
    • 0.46 Acres
    • Commercial Sale
    • MLS# SB18015725
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    Views: 769 Days On Market: 1341

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    Property Details

    Description Tours

    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.

    • General Features
      • Buyer Compensation 2.000 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Units Leased 1
      • YearBuilt 1958
    • Building Features
      • Cooling None
      • Electric Standard
      • Heating Central
      • Laundry Features None
      • Roof Composition,Elastomeric,Flat
    • Property Features
      • Fencing None
      • Lot Features Level with Street,Lot 20000-39999 Sqft,Rectangular Lot
      • Lot Size Acres 0.46
      • Lot Size Dimensions 200 Ft X 100 Ft
      • Parking Total 16.00

    Contact

    Jennifer Caras

    Jennifer Caras

    Global Real Estate Advisor

    DRE# 01466213

    1144 Highland

    Mobile Phone: 310-367-9129

    Neighborhood

    90254 (Hermosa Beach) Demographics

    38 Median Age
    13,823 Population Density (per sq. mile)
    79% College Educated
    $121,345 Estimated Median Income
    4,348 Estimated Total Home Owners
    4,849 Estimated Total Renters
    47% / 53% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    19,726 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    24 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $6,995,000
        9/3/2021 1:46:22 PM Price Reduced Source: Multiple Listing Service New Value: $6,995,000 -12.51%
        1/22/2018 12:17:00 PM New in Database Source: Multiple Listing Service New Value: $7,995,000

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        Based on information from California Regional Multiple Listing Service, Inc. as of 9/28/2021 3:21:29 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.