1220 Hermosa Ave Hermosa Beach, CA 90254
Mixed-use property near Pier Plaza with income and development potential.
Property size:
7,930 SFProperty Features for 1220 Hermosa Ave
General Information
- Standard status
- Active
- Size
- 7,930 SF
Source:
Cbre
Listing Agent: Simon Mattox
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Hermosa Beach Mixed-Use Investment
This mixed-use property in Hermosa Beach features a building size of approximately 7,930 square feet and a land size of approximately 8,006 square feet. The property includes the RYLA Restaurant & Bar on the ground floor and mezzanine, along with three apartment units on the second floor. A parking lot parcel offers a future development opportunity. The property has four suites in total: one commercial and three apartments. The ownership is fee simple, including both land and building. The property is located steps from Pier Plaza, the pier, and the beach. The occupancy rate is 78%. Apartment B was intentionally left vacant by the ownership for personal use. Apartment C was recently vacated, and the ownership has elected to keep it vacant to provide the new buyer with maximum flexibility. Analysis assumes that the new buyer leases Units B & C at market rent in month 2 of hold.
Location Intelligence
Current Use by Public Records
RYLA
Restaurant
ATM
Atm
Location Insight
- Map
- Local Demand
- City
- Hermosa Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.3999248
- Latitude
- 33.8626848
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property near Pier Plaza with income and development potential.
Where is this mixed-use property located?
The property is located at 1220 Hermosa Ave Hermosa Beach, CA.
What is the asking price?
The asking price for this property is $9,655,524.
What are key features of this property?
This property features: - Fee simple ownership of both land and building.; - Mixed-use property featuring a restaurant/bar plus 3 apartments.; - Future development opportunity with the included parking lot parcel.
