1332 Hermosa Ave Hermosa Beach, CA 90254-3528

This exceptional retail investment opportunity presents a meticulously maintained, two-story building encompassing 15,127 square feet on a 0.28-acre lot in the heart of Hermosa Beach, California. Located at 1332 Hermosa Ave, 90254, this property boasts a prime location at a signalized intersection, offering unparalleled visibility and accessibility. The building, constructed in 1954 and renovated in 1970, currently houses nine tenants, achieving an impressive 89.88% occupancy rate and generating a substantial Net Operating Income (NOI) of $592,707. This translates to a compelling 4.75% capitalization rate on an asking price of $12,500,000. The property's diverse tenant mix includes notable restaurants and a beloved local pub, reflecting the vibrant and thriving commercial landscape of Hermosa Beach. Its strategic location within the affluent Hermosa Beach trade area, steps from the Hermosa Pier and surrounded by entertainment, shopping, and transportation options, ensures consistent high foot traffic and strong rental demand. The property is zoned HBC2 and features a unique aesthetic, even showcasing one of Hermosa Beach's ten renowned murals. This iconic property represents a rare opportunity to acquire a high-performing asset in one of Los Angeles County's most desirable coastal communities. The property's strong financial performance, prime location, and diverse tenant base make it an ideal investment for discerning buyers seeking a stable and appreciating asset in a highly sought-after market. The Los Angeles County Assessor's Parcel Number (APN) is 4183-013-069.