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318 Pier Avenue

Hermosa Beach, CA 90254
  • $7,000,000
  • STATUS: Active Under Contract
  • ON SITE: 61 Days
  • ID#: SB22167569
Under Contract
$7,000,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Christopher Ponsonby of The Real Estate Store (310-376-1300) and Anabela Rossi of ()


Description

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 APNs 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-30T00:30:20.567. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
www.betterlivingsocalhomes.com/homes/131432087
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318 Pier Avenue Hermosa Beach, CA 90254

  • Price: $7,000,000
  • Status: Active Under Contract
  • On Site: 61 Days
  • ID#: SB22167569
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1923
Built
Neighborhood:
148 - Hermosa Bch Sand
County:
Los Angeles
Area:
148 - Hermosa Bch Sand
Property Description
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 APNs 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.
Exterior Features

Entry Level 1 Lot Features 0-1 Unit/Acre Parking Total 8 Sign On Property YN No

Property Features

Additional Parcels YN No Common Interest None Current Financing None Exclusions Tenants Businesses And Personal Property. Inclusions Sold With All Tenants in Possession. Land Lease YN No Laundry Features In Garage Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Number Of Units Leased 2 Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public Zoning Mixed Use



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-30T00:30:20.567. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
 
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Listing Agent(s): Christopher Ponsonby of The Real Estate Store (310-376-1300) and Anabela Rossi of ()