Hermosa Beach, CA 90254,1630 Pacific Coast Highway

$6,400,000

Est. payment /mo

$6,995,000

8.5%
Est.Price: ?

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1630 Pacific Coast Highway Hermosa Beach, CA 90254

0.46 Acres Lot

SOLD DATE : 12/22/2021

Key Details

Sold Price $6,400,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB18015725

Sold Date 12/22/21

HOA Y/N No

Year Built 1958

Lot Size 0.460 Acres

Lot Dimensions Assessor

Property Description

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.

Location

State CA

County Los Angeles

Area 150 - Hermosa Bch East

Zoning HBC3YY

Interior

Heating Central

Cooling None

Fireplace No

Laundry None

Exterior

Fence None

Roof Type Composition,Elastomeric,Flat

Total Parking Spaces 16

Building

Lot Description Rectangular Lot, Street Level

Story 1

Water Public

Others

Tax ID 4185005005

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Schumann • Real Estate West, Inc.
Bought with General NONMEMBER • NONMEMBER MRML

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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