1312 Hermosa Ave Hermosa Beach, CA 90254-3532
- Retail space
- 6,600 SF
- 0.18 lot acres
Current Use by Public Records
- Dr. Will Kirby / Dermatologist
- Kirby Dermatology / Skin Care Clinic / Doctor
- LaserAway / Skin Care Clinic / Laser Hair Removal Service
Property Details for 1312 Hermosa Ave
- Year built
- 1922
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.18 lot acres
- Property size
- 6,600 SF
- Zone code
- HBC2YY
- Property type
- Retail space
- APN
- 4183-013-068
- APU
- 4183013068
Description
This exceptional investment opportunity presents a portfolio of four street-front retail suites totaling 6,470 square feet, situated on Hermosa Avenue in the heart of Hermosa Beach, California. The property, built in 1922 and renovated in 2012, boasts 100% occupancy with four tenants, generating a substantial net operating income (NOI) of $280,268 and a 5.00% cap rate. The asking price is $5,575,000. Located at 1312, 1314, 1316, and 1320 Hermosa Avenue, this collection benefits from a prime location within the main retail trade area, experiencing high vehicular traffic. The property sits on a 7,994 square foot lot and is zoned HBC2YY. This vibrant area is known for its high-quality dining, entertainment, and retail options, attracting both affluent residents and a large influx of tourists annually. The average household income within a one-mile radius exceeds $180,000, and the Hermosa Beach Boardwalk sees over 8 million visitors each year. This presents a rare opportunity to acquire a highly desirable retail property in a market with limited inventory and high barriers to entry, ensuring strong rental rates and long-term value appreciation. The property's irreplaceable location and strong financial performance make it an attractive investment for discerning buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,565,000
- 6.5%
- $5,105,000
- 7%
- $4,870,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,695,000
- Geo Method
- $5,450,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,330,000
- Retail
- $5,550,000
- Mixed-Use
- $5,285,000
- Hospitality
- $5,505,000
- Educational
- $4,545,000
- Residential Income
- $4,605,000
- Energy
- $5,080,000
- Income-Based Land
- $4,915,000
- Food Service
- $4,375,000
Location Insight
- Map
- Local Demand
- City
- Hermosa Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.4
- Latitude
- 33.8633
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
