1312 Hermosa Ave Hermosa Beach, CA 90254-3532

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.