Hermosa Beach, CA 90254,318 Pier AVE
Hermosa Beach, CA 90254,318 Pier AVE
Hermosa Beach, CA 90254,318 Pier AVE
23
$6,800,000
$7,000,000
2.9%
Est.Price: ?

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5,665 SqFt

318 Pier AVE Hermosa Beach, CA 90254

Est. payment /mo
SOLD DATE : 10/14/2022

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Key Details

Sold Price $6,800,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 5,665 sqft

Price per Sqft $1,200

MLS Listing ID SB22167569

Sold Date 10/14/22

HOA Y/N No

Year Built 1923

Lot Size 9,382 Sqft

Lot Dimensions Assessor

Property Description

Outstanding Hermosa Beach Ocean View Commercial opportunity! Corner lot with ocean views at Monterey & Pier Ave. Over 108’ of frontage on upper Pier Ave. Addresses include: 302 to 318 Pier Ave Hermosa Beach CA. Plus 2 offices & a 6 car parking lot at 1326 /1328 Monterey Bl. Also a Single-family 2 bedroom 1 bath house with driveway for parking and an Ocean view deck at 1271 Sunset Dr. Zoned; store office, residential & mixed use. Two APN’s 4187-011-012 & 4187-011-013 Combined square footage land 9381’ Buildings 5665. Lot size` 108.8' on Pier Ave, 72.3' on Monterey Blvd, 115.3 ft on Sunset Drive. Same owners for 50+ years. Mostly all long term tenants who prefer to stay. Only one lease over 1 year. Tenants & address are as follows *302 Pier Frito Misto Italian Restaurant *312 Pier Marx Hair Salon *308 Pier Ave Sugar Dane Two Guns Coffee & Cookie shop *318 Pier Ave Uncorked Wine shop & Tasting Patio *1328 Monterey Blvd TRES Brokers Real Estate *1326 Monterey Blvd Hair Salon *1271 Sunset Dr Single Family house. Sellers intends to sell both APN together but might consider selling separate. Given the phenomenal upper pier Ave corner location in a high rental demand, consistent income this property provides, this is a outstanding opportunity to own a quality income producing asset in wonderful Hermosa Beach for any real estate investor. (Not to mention possible future building- buyers please confirm w city) There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants or discuss this sale with them.

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Zoning Mixed Use

Rooms

Ensuite Laundry In Garage

Interior

Laundry Location In Garage

Fireplace No

Laundry In Garage

Exterior

Total Parking Spaces 8

Building

Lot Description 0-1 Unit/Acre

Story 1

Water Public

Others

Tax ID 4187011013

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Christopher Ponsonby • The Real Estate Store
Bought with General NONMEMBER • NONMEMBER MRML

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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