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    507 Pier Ave, Unit A Hermosa Beach, CA 90254-3822
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    Property profile & analytics

    507 Pier Ave, Unit A, Hermosa Beach, CA 90254-3822

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    • Investment properties
    • 3,051 SF
    • 0.07 lot acres
    Off-Market
    Property ID
    US10-0055187
    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
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flash Dryer Vent Cleaning Hermosa beach / Department Store / Home Appliance Store
    • True North Cryo / Alternative Medicine Practice / Spa & Massage Center
    • The Solution / Spa & Massage Center / Alternative Medicine Practice
    • Lavish Gift + Home / Home Decor Store / Department Store

    Property Details for 507 Pier Ave

    Year built
    1954
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Zone code
    HBC2YY
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4183-018-007
    APU
    4183018007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2019 $1,100,000 25/8 Acquisition & Dev LLC Hollyvale Rental Holdings LLC Grant Deed —
    Jul 15, 2016 $5,000,000 Refoua LLC Casamarco LLC Grant Deed $2.4M · Midfirst Bank
    Sep 4, 2015 — Casamarco LLC Marco,albert & Madeleine A Quit Claim Deed · related $2M · Northern Tr
    Dec 2, 1997 $950,000 Albert Marco Miller Trust Grant Deed $665k · Harbor Bank
    — — Albert L Marco — Deed Of Trust · related $640k · City National Bank
    — — Miller,trust — Deed Of Trust · related $250k · El Segundo First Nat'l Bank
    — — Albert Marco — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,030,000
      6.5%
      $950,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $524,000
      Market price range: $167k - $914k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $945,000
      Current use
      RETAIL STORES
      $1,170,000
      Change: +24% Conversion: Easy
      WAREHOUSE, STORAGE
      $895,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermosa Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.397
    Latitude
    33.8646
    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
    $22,927
    $1,456,420
    $637,486
    $2,093,906
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,965,000
      6,503 SF

      205 Pier Ave

      STORE/OFFICE (MIXED USE)
      205 Pier Ave, Hermosa Beach, CA 90254-3610
      View Details
    • Value Estimation
      $1,945,000
      14,600 SF

      555 Pier Ave

      STORE/OFFICE (MIXED USE)
      555 Pier Ave, Hermosa Beach, CA 90254-3839
      View Details
    • Value Estimation by Request
      1,774 SF

      67 14th St

      STORE/OFFICE (MIXED USE)
      67 14th St, Hermosa Beach, CA 90254-3508
      View Details
    • Value Estimation
      $560,000
      1,800 SF

      58 11th St

      STORE/OFFICE (MIXED USE)
      58 11th St, Hermosa Beach, CA 90254-3707
      View Details
    • Value Estimation by Request
      12,529 SF

      338 Pier Ave

      STORE/OFFICE (MIXED USE)
      338 Pier Ave, Hermosa Beach, CA 90254-3617
      View Details
    • Value Estimation
      $2,350,000
      6,219 SF

      1310 Pacific Coast Hwy

      STORE/OFFICE (MIXED USE)
      1310 Pacific Coast Hwy, Hermosa Beach, CA 90254-3942
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hermosa Beach Multifamily Investment Opportunity

      Three contiguous 4-unit apartment buildings in Hermosa Beach.
      726 5Th St, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing
      2,390 SF

      Mixed-Use Office/Residential Property

      Mixed-use property near the beach with office condo available.
      30-34 Hermosa Ave, 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
    • New
      $1,500,000
      1,118 SF

      Charming Hermosa Beach Duplex

      Duplex in Hermosa Beach with upgraded units and private yard.
      1049 3Rd St, Hermosa Beach, CA 90254
      View Details
    • $5,600,000

      Beachfront Multifamily Opportunity in Hermosa

      Three-unit beachfront property in Hermosa Beach with flexible options.
      -530 The Strand, Hermosa Beach, CA 90254
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    Similar Nearby for Lease

    • $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
    • $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
    • Contact for pricing
      2,400 SF

      Renovated Warehouse with Office Space

      Freestanding, renovated warehouse featuring office space and motorized door.
      640 Cypress Ave, Hermosa Beach, CA 90254
      View Details
    • Contact for pricing

      Hermosa Beach Office Space

      Office space for rent in Hermosa Beach, California.
      2447 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
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    Hermosa Beach, CA 90254-3822
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    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
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