Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Space in Hermosa Title is generated by Realmo AI

    1124 Hermosa Avenue, Hermosa Beach, CA 90254

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4 SF/Yr

    Excellent condition retail space in downtown Hermosa Beach location.

    Type:Retail
    Added:
    Nov 22, 2025
    Days on Market:
    185
    Last Refresh:
    May 19 at 8:04 pm

    Property Features for 1124 Hermosa Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Kyle Woods

    Listing agent Kyle Woods License #2034325

    Listing office

    Listing date Nov 22, 2025

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Kyle Woods

    HighLights

    • Irreplaceable Hermosa Beach Location: Prime downtown location.
    • Heavy Foot Traffic: High visibility to over 1,000,000 annual visitors.
    • Affluent Trade Area: Average household income of $269,041 within a 1‑mile radius.
    • Excellent Condition: Space is in excellent condition and partially built‑out.
    • High Ceilings and Custom Sky Lights: Unique architectural features.
    • Private Restrooms: Offers convenience.

    Overview

    This sublease retail space is available from the current tenant. The space is partially built-out as a standard retail space and is located in-line with other retail establishments. The property is in excellent condition and features private restrooms and high ceilings, including custom skylights. It is move-in ready. Situated in a prime downtown Hermosa Beach location, the property benefits from heavy foot traffic. It is located immediately north of the Pier Avenue/Hermosa Avenue intersection, the epicenter of downtown Hermosa Beach. The surrounding affluent trade area boasts an average household income of $269,041 within a 1-mile radius. The location provides access to over 1,000,000 annual visitors and is one block from The Strand.
    Property Profile Location Intelligence

    Current Use by Public Records

    IvyHouse Hermosa Art Gallery

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hermosa Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.4
    Latitude
    33.8618

    Nearby Similar for Lease

    • Sponsored
      $129-$8,296/Mo
      11-1,292 SF

      Hermosa Beach

      2447 Pacific Coast Hwy, Unit 2ND, Hermosa Beach, CA 90254
      View Details
    • $3 SF/Yr
      2,400 SF

      Renovated Warehouse with Office Space

      Freestanding, renovated warehouse featuring office space and motorized door.
      640 Cypress Ave, Hermosa Beach, CA
      View Details
    • $2 SF/Yr
      1,360 SF

      Hermosa Beach Office Space Available

      Office space available for lease in Hermosa Beach, CA.
      2615 Pacific Coast Highway, Hermosa Beach, CA, 90254
      View Details
    • Contact for pricing
      20,000 SF

      Hermosa Beach Retail Space

      Retail space in Hermosa Pavilion near Pacific Coast Highway.
      1601 East Pacific Coast Highway, Hermosa Beach, CA, 90254
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for rent in Hermosa Beach, CA.
      30 Hermosa Ave, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing

      Prime Hermosa Beach Office/Retail Space

      Office/retail space in downtown Hermosa Beach, two blocks from ocean.
      205 Pier Ave, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing

      Hermosa Beach Office Space

      Office space for rent in Hermosa Beach, California.
      2447 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details

    FAQs

    What type of property is this?
    Retail space - Excellent condition retail space in downtown Hermosa Beach location.
    Where is this retail space located?
    The property is located at 1124 Hermosa Avenue Hermosa Beach, CA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Irreplaceable Hermosa Beach Location: Prime downtown location.; Heavy Foot Traffic: High visibility to over 1,000,000 annual visitors.; Affluent Trade Area: Average household income of $269,041 within a 1‑mile radius.
    (310) 363-4785
    We can help!
    Listing Contact
    Kyle Woods
    Real Estate License ID: 2034325
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1124 Hermosa Avenue, Hermosa Beach, CA, 90254
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!