Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hermosa Beach, CA 90254

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Modern retail building in Hermosa Beach with high visibility.

    We can help!

    Listing Contact
    Eric Lastition
    Source: Nmrk

    Listing Agent: Eric Lastition

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

    Learn more

    Overview

    Modern Retail Building in Hermosa Beach

    Located in Hermosa Beach, CA, the property at 1083-1085 Aviation Blvd features a 2,874 square foot building constructed in 2016. The building is divided into two units and is currently at 100% occupancy. Zoned HBC3YY, the property benefits from a location on Aviation Blvd, offering high traffic and visibility. The surrounding area features a retail scene that attracts an affluent clientele. The property is positioned in the South Bay market of Los Angeles, near the Hermosa Beach Pier, Hermosa Beach Farmers' Market, and The Strand.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Hermosa Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.396
    Latitude
    33.8651

    Nearby Similar for Sale

    • $8,995,000
      3,908 SF

      Hermosa Beachfront Income Property

      Five-unit beachfront property in Hermosa Beach with excellent investment potential.
      1836 The Strand, Hermosa Beach, CA 90254
      View Details
    • $250,000
      1,500 SF

      Turnkey Restaurant Opportunity in Hermosa

      Profitable restaurant with favorable lease terms and growth potential.
      1141 Aviation Blvd, Hermosa Beach, CA 90254
      View Details
    • $248,000

      Profitable Boutique Near Hermosa Beach Pier

      Thriving T-shirt and gift boutique steps from the ocean.
      31 Pier Ave, Hermosa Beach, CA 90254
      View Details
    • $850,000
      440 SF

      Condo Hotel on Hermosa Beach

      Oceanfront condo hotel offering rental income potential in Hermosa Beach.
      1300 The Strand, Hermosa Beach, CA 90254
      View Details
    • $1,875,000
      968 SF

      Hermosa Beach Duplex Near Ocean

      Duplex in Hermosa Beach, one block from the sand.
      151 Monterey Blvd, Hermosa Beach, CA 90254
      View Details
    • $3,295,000
      4,230 SF

      Hermosa Beach Six-Unit Apartment Building

      Six-unit apartment near Hermosa Beach, Pier, restaurants, and shops.
      2121 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • $14,250,000
      3,909 SF

      Hermosa Beach Landmark Commercial Property

      Rare Hermosa Beach trophy property with historical significance and high visibility.
      81 Pier Ave, Hermosa Beach, CA 90254
      View Details
    • $14,250,000
      3,909 SF

      Hermosa Beach Landmark Commercial Property

      Landmark commercial property in Hermosa Beach Pier Plaza.
      81 Pier Ave, Hermosa Beach, CA 90254
      View Details
    • $3,895,000

      Luxury Coastal Residence with Ocean Views

      Exceptional three-story home with rooftop deck and modern amenities.
      924 17Th St, Hermosa Beach, CA 90254
      View Details
    • $9,300,000

      Hermosa Beach Multifamily Investment Opportunity

      Three contiguous 4-unit apartment buildings in Hermosa Beach.
      726 5Th St, Hermosa Beach, CA 90254
      View Details
    • $2,195,000

      Hermosa Beach Quadplex with Ocean Views

      Rare quadplex in Hermosa Beach with stunning ocean views.
      259 28Th St, Hermosa Beach, CA 90254
      View Details
    • $6,000,000

      New Construction Office with Ocean Views

      New construction office space in Hermosa Beach with ocean views.
      824 1St St, Hermosa Beach, CA 90254
      View Details

    FAQs

    What type of property is this?
    Retail property - Modern retail building in Hermosa Beach with high visibility.
    Where is this retail property located?
    The property is located at Hermosa Beach, CA.
    What are key features of this property?
    This property features: - Prime location in Hermosa Beach, part of the South Bay market of Los Angeles.; - High visibility on Aviation Blvd.; - 100% occupancy of both units.
    (310) 491-2047
    Request Owner's contact information
    Hermosa Beach, CA 90254
    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.
    Hermosa Beach, CA 90254
    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
    Hermosa Beach, CA 90254
    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

    We can help!
    Listing Contact
    Eric Lastition
    Real Estate License ID: CA #01119647
    (310) 491-2047
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.