1332 Hermosa Ave Hermosa Beach, CA 90254-3528
Property profile & analytics
1332 Hermosa Ave Hermosa Beach, CA 90254-3528
- Investment properties
- 18,275 SF
- 0.28 lot acres
Property ID
US09-8005732
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.
Location Intelligence
Current Use by Public Records
- Hermosa courtyard / Hotel & Motel
- Beach City Capital / Construction Company / General Contractor
- Amore Decor Event Planning / Event Planning / Wedding Service
- N/A / Financial Advisor
- Fox and Farrow / Restaurant
Property Details for 1332 Hermosa Ave
- Year built
- 1941
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.28 lot acres
- Property size
- 18,275 SF
- Zone code
- HBC2YY
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 4183-013-069
- APU
- 4183013069
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,433,000
Market price range: $998k - $5.48M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,645,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hermosa Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.4
- Latitude
- 33.8635
- 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
$107,221
$7,082,709
$2,639,914
$9,722,623
-
$0.00
$0.00
$0.00
