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Property profile & analytics
OFF-MARKET
Turn key restaurants
11 Pier Ave Hermosa Beach, CA 90254-3731
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0060005
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1946
Construction
TILT-UP CONCRETE
Total area
2,560 SF
Lot
0.22 ac (9,638 SF)
Zoning code
HBC2YY
APN
4183-002-001
UPID
US10-0060005
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cutting Catering Take-out & Catering Catering Service
-
Vista Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hermosa Pier And Strand LLC · 1 yrs held
Hermosa Pier And Strand LLC
since 2025
Last sale
$33.5M
7 recorded transactions
Zoning & alternative use
HBC2YY · Hermosa Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hermosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermosa Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$102,137
Tax year 2024
Assessed value
$9,319,929
Assessed 2024
Previous assessed
$9,319,929
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$9,296,079
Assessed improvement
$23,850
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,560 SF
Lot
0.22 ac (9,638 SF)
Zoning code
HBC2YY
APN
4183-002-001
UPID
US10-0060005
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBC2YY · Hermosa Beach, CA
Zoning HBC2YY · permitted uses
HBC2YY · Hermosa Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermosa Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Hermosa Pier And Strand LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8383 WILSHIRE BLVD STE #920, BEVERLY HILLS, CA 90211-2443
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
Hermosa Pier And Strand LLC
S&p Hermosa Parent LLC
Deed
related
—
Feb 13, 2025
$33,500,000
Hermosa Pier And Strand LLC
S&p Hermosa Parent LLC
Grant Deed
$20,800,000 · Umpqua Bank
Dec 27, 2019
—
S & P Hermosa Parent LLC
—
Grant Deed
related
$20,000,000 · Umpqua Bk
Jul 6, 2017
—
S & P Hermosa Parent LLC
—
Deed
related
$22,000,000 · Argentic R/e Inv LLC
Jun 5, 2014
—
S & P Hermosa Parent LLC
Strand & Pier Holding Co LLC
Quit Claim Deed
$11,500,000 · Rcc R/e
May 31, 2013
$19,500,195
Strand & Pier Holding Company LLC
Diana Albergate
Grant Deed
$10,000,000 · Evertrust Bank
—
—
S & P Hermosa Parent LLC
—
Deed Of Trust
related
$22,000,000 · Argentic R/e Inv LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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