318 PIER AVE Hermosa Beach, CA 90254
$7,000,000
Listed By Christopher Ponsonby, The Real Estate Store
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Bedrooms
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Total Baths
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Full Baths
5,665
Square Feet
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Acres
1923
Year Built
Active
Status
MLS#
SB22167569
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.
Details
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Office The Real Estate Store
MLS# SB22167569
Updated 11:04PM - 8/14/2022
Listing Agent Christopher Ponsonby
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