Los Angeles, Commercial for Sale – 205 Pier Ave, Hermosa Beach, CA 90254, USA -001-11-30T00:00:00-08:00
Prime location with high visibility, high traffic, on corner lot in the Sand Section of Hermosa Beach. Just one block from the beach! Approx. 6,503 sq.ft of office and retail space. Tri-level office building with several office suites and a ground-floor reta
205 Pier Ave, Hermosa Beach, CA 90254, USA
$7,999,000 USD
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Address205 Pier Avenue, Hermosa Beach
Property SubtypeOffice
Price$7,999,000
Property TypeCommercial Sale
Year Built2012
Bedrooms Total0
Living Area6,503 ft2
Listing IDSB17126966
StatusActive
Parcel Number4183013001
Special ConditionsStandard
Days on Market20

Detailed Description: Prime location with high visibility, high traffic, on corner lot in the Sand Section of Hermosa Beach. Just one block from the beach! Approx. 6,503 sq.ft of office and retail space. Tri-level office building with several office suites and a ground-floor retail or gallery space, located in the heart of downtown Hermosa Beach with many shops and restaurants nearby. The building has numerous balconies and patios, including a community patio. Units are light and bright with tall windows, some with ocean views. Bathrooms on each level, two-level underground parking lot. All suites are currently leased.

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Address Information
Address205 Pier Avenue, Hermosa Beach
Street SuffixAvenue
CityHermosa Beach
Location (MLS Area)148 – Hermosa Bch Sand
County Or ParishLos Angeles
Postal Code Plus43689
CountryUS
Financial Information
Price per Square Foot$1,230.05
Special ConditionsStandard
Total Expenses$73,000
Operating Expense$73,000
Insurance Expense$5,964
Electric Expense$8,334
Trash Expense$1,315
Maintenance Expense$5,179
Supplies Expense$727
Other Expense$8,539
Gross Scheduled Income$306,828
Net Operating Income$233,828
Real Estate Tax Expense$38,888
Tax Year2000
Full Descriptions
Parcel Number4183013001
Detailed DescriptionPrime location with high visibility, high traffic, on corner lot in the Sand Section of Hermosa Beach. Just one block from the beach! Approx. 6,503 sq.ft of office and retail space. Tri-level office building with several office suites and a ground-floor retail or gallery space, located in the heart of downtown Hermosa Beach with many shops and restaurants nearby. The building has numerous balconies and patios, including a community patio. Units are light and bright with tall windows, some with ocean views. Bathrooms on each level, two-level underground parking lot. All suites are currently leased.
Water SourcePublic
Security FeaturesFire and Smoke Detection System, Fire Sprinklers, Security System, Smoke Detector, Wired for Alarm System
Laundry FeaturesNone
Heating DescriptionCentral Furnace
Building FeaturesElevators
Waterfront FeaturesOcean Side of Freeway, Ocean Side Of Highway 1
Property parameters
Year Built2012
Living Area (Sq.Ft.)6,503 ft2
Lot Size SourceAssessor
Number of Buildings1
Number of Units Leased8
Number of Units Total8
Retail (Sq.Ft.)726
Office Area (Sq.Ft.)3,558
Stories Total3
Water SourcePublic
Land Usage DescriptionOffice, Retail
Property SubtypeOffice
Building StatusExisting
Units Total8
Cap Rate (For Cash Payment Only)2.43
Listed withRAJU CHHABRIA (Chhabria Real Estate Company)