Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1138 The Strand Hermosa Beach, CA 90254
    Back to Search
    Property profile & analytics

    1138 The Strand, Hermosa Beach, CA 90254

    View on Map
    • Turn key restaurants
    • 4,866 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US09-8651789
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1138 The Strand

    Year built
    1815
    Construction
    TILT-UP CONCRETE
    Lot size
    0.11 lot acres
    Zone code
    HBC3YY
    Property type
    Turn key restaurants
    APN
    4187-005-024
    APU
    4187005024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 2, 2022 — 1138 The Strand LLC — Deed · related $3.8M · Pacific Premier Bank
    Dec 31, 2012 — 1138 The Strand LLC Hennessey P & J Trust Grant Deed —
    Apr 1, 2011 $7,250,000 Hennessey P & J Trust Krause Family Trust Grant Deed $6M · Krause Family Trust
    Apr 30, 2010 — Krause Family Trust Krause William A Trust Quit Claim Deed · related —
    Mar 28, 2002 — Krause,william Tr Krause,w Quit Claim Deed · related —
    Feb 2, 1993 — William A Krause — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $760,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $956,000
      Market price range: $441k - $957k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hermosa Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.401
    Latitude
    33.8618
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $101,466
    $8,619,996
    $313,888
    $8,933,884
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,306 SF

      2608 Hermosa Ave

      RESTAURANT
      2608 Hermosa Ave, Hermosa Beach, CA 90254-2405
      View Details
    • Value Estimation by Request
      1,428 SF

      233 Pacific Coast Hwy

      RESTAURANT
      233 Pacific Coast Hwy, Hermosa Beach, CA 90254-5358
      View Details
    • Value Estimation by Request
      2,700 SF

      68 Pier Ave

      RESTAURANT
      68 Pier Ave, Hermosa Beach, CA 90254-3760
      View Details
    • Value Estimation by Request
      2,132 SF

      113 Hermosa Ave

      RESTAURANT
      113 Hermosa Ave, Hermosa Beach, CA 90254-5022
      View Details
    • Value Estimation by Request
      5,370 SF

      52 Pier Ave

      RESTAURANT
      52 Pier Ave, Hermosa Beach, CA 90254-3760
      View Details
    • Value Estimation by Request
      1,071 SF

      66 Hermosa Ave

      RESTAURANT
      66 Hermosa Ave, Hermosa Beach, CA 90254-5009
      View Details

    Similar Nearby for Sale

    • $199,000
      1,500 SF

      Hermosa Beach Restaurant Opportunity

      Turnkey restaurant with revenue, favorable lease, and expansion potential.
      1141 Aviation Blvd, Hermosa Beach, CA 90254
      View Details
    • $9,655,524
      7,930 SF

      Hermosa Beach Mixed-Use Investment

      Mixed-use property near Pier Plaza with income and development potential.
      1220 Hermosa Ave, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing

      Modern Retail Building in Hermosa Beach

      Modern retail building in Hermosa Beach with high visibility.
      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
    • Contact for pricing
      5,850 SF

      Leased Retail Property For Sale

      Fully leased retail property with annual rent increases for sale.
      500 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing
      5,897 SF

      Freestanding Building in Hermosa Beach

      Freestanding 6,647 SF building suitable for various uses.
      90 Pier Ave, Hermosa Beach, CA 90254
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Hermosa Beach Retail Space

      Retail space in Hermosa Pavilion near Pacific Coast Highway.
      1601 East Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    • $4 SF/Yr

      Prime Retail Space in Hermosa

      Excellent condition retail space in downtown Hermosa Beach location.
      1124 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
    • $2 SF/Yr
      1,360 SF

      Hermosa Beach Office Space Available

      Office space available for lease in Hermosa Beach, CA.
      2615 Pacific Coast Hwy, 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
    • Sponsored
      Contact for pricing

      Hermosa Beach

      Discover many ways to work your way in Hermosa Beach
      2447 Pacific Coast Hwy, Hermosa Beach, CA 90254
      View Details
    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.
    1138 The Strand
    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
    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
    1138 The Strand, 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!