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840 Pacific Coast

Hermosa Beach, CA 90254
  • $1,900,000
  • STATUS: Active Under Contract
  • ON SITE: 223 Days
  • ID#: SB24134834
Under Contract
UPDATED: 116 min ago
$1,900,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1984
County:

School Ratings & Info

Listing Agent(s): Stephen Lampe of Re/Max Commercial & Investment (310 802-2500)


Description

Located in a prime spot on Pacific Coast Highway, this property offers excellent visibility, making it ideal for a variety of businesses. With a floor area ratio (F.A.R.) of 0.50 to 1.25 and a maximum height of 35 feet, the development potential is substantial. The C-3 zoning allows for a broad range of uses, including dental and medical offices, retail spaces, offices, and animal hospitals or veterinary clinics. The current rent rate is significantly below the market value, presenting an attractive opportunity for future growth. IMPORTANT " FOR LEASE TERM DETAILS CALL LISTING BROKER.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-10T00:25:54.693. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/152220265
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840 Pacific Coast Hermosa Beach, CA 90254

  • Price: $1,900,000
  • Status: Active Under Contract
  • On Site: 223 Days
  • Updated: 116 min ago
  • ID#: SB24134834
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1984
Built
Neighborhood:
150 - Hermosa Bch East
County:
Los Angeles
Area:
150 - Hermosa Bch East
Property Description
Located in a prime spot on Pacific Coast Highway, this property offers excellent visibility, making it ideal for a variety of businesses. With a floor area ratio (F.A.R.) of 0.50 to 1.25 and a maximum height of 35 feet, the development potential is substantial. The C-3 zoning allows for a broad range of uses, including dental and medical offices, retail spaces, offices, and animal hospitals or veterinary clinics. The current rent rate is significantly below the market value, presenting an attractive opportunity for future growth. IMPORTANT " FOR LEASE TERM DETAILS CALL LISTING BROKER.
Exterior Features

Construction Materials Concrete Entry Level 1 Fencing Good Condition Lot Features Corner LotRectangular LotRolling Slope Roof Flat

Property Features

Additional Parcels YN Yes Business Type Auto DealerDentalOffice Supply Cap Rate 8.44 Common Interest None Gross Scheduled Income 187536 Insurance Expense 3000 Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 160403 Operating Expense 31371 Property Sub Type Industrial Special Listing Conditions Standard Tax Annual Amount 20133 Tax Year 2024 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Zoning C3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-10T00:25:54.693. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Stephen Lampe of Re/Max Commercial & Investment (310 802-2500)