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840 Pacific Coast Hwy, Hermosa Beach, CA 90254
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840 Pacific Coast Hwy Hermosa Beach, CA 90254

$1,900,000
  • -- Beds
  • -- Baths
  • 3,907 Sq.Ft.
For Sale
$1,900,000 Get Pre-Qualified
Map preview of 840 Pacific Coast Hwy, Hermosa Beach, CA 90254

Property Overview: 840 Pacific Coast Hwy Hermosa Beach, CA has -- bedrooms, -- bathrooms, 3,907 living square feet and 9,593 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Stephen Lampe | BRE #01164364 | Re/Max Commercial & Investment
Last checked: 58 seconds ago | Last updated: September 13th, 2024 | Source CRMLS | DOM: 79

Home details

Lot Sq. Ft
9,593
HOA Dues
$0/mo
Year built
1984
Garage
--
Property Type:
Industrial
Status
Active
MLS#
SB24134834
City
Hermosa Beach
County
Los Angeles
Time on Site
79 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.44%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $187,536
  • Net Operating Income: $160,403
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $31,371
  • Insurance: $3,000

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Property Details for 840 Pacific Coast Hwy

Interior Features
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • Good Condition
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot, Lot 6500-9999, Rectangular Lot, Rolling Slope
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 4186008001
  • Year Built Source: Assessor
  • Entry Level: 1
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: NE Corner of Pacific Coast Highway and 8th Street
View more facts & features

Local Hermosa Beach Agent

Sale History for 840 Pacific Coast Hwy

View property's historical transactions

  • July, 2024

  • Jul 1, 2024

    Date

    Active

    CRMLS: SB24134834

    $2,300,000

    Price

Tax History for 840 Pacific Coast Hwy

Assessed Value (2020): $175,960
Year Land Value Improved Value Assessed Value
2020 $75,072 $100,888 $175,960

Home Value Compared to the Market

This property vs the competition

840 Pacific Coast Hwy is listed 20.8% lower than the median list price for the city of Hermosa Beach which has a median list price of $2,399,000. The median price per/sqft for Hermosa Beach is $1,371 and this home is listed at $486.31 per/sqft which puts the price per square foot 64.53% lower than the median price per square foot for the city of Hermosa Beach.

About 840 Pacific Coast Hwy

Detailed summary of property

840 Pacific Coast Hwy is a industrial located in Hermosa Beach, CA 90254 and is currently for sale. This industrial property offers -- bedrooms, -- bathrooms, roughly 3,907 living square feet, and sits on an approximately 9,593 square foot lot. 840 Pacific Coast Hwy was first listed on ArdentRealEstateGroup.com on July 1, 2024. The homeowner is currently asking $1,900,000 and was originally asking $2,300,000. The median priced home in Hermosa Beach is $2,399,000 with a median price per square foot of $1,371. Based on Ardent Real Estate Group's Hermosa Beach Market Data, this home is listed 20.8% lower than the median priced home. Local competing homes currently for sale include 8014 Cooley St, 10732 Rose Ave and 750 S Lugo Ave. While the average home in Hermosa Beach, CA is selling in 98 days, 840 Pacific Coast Hwy has a days on market of 79 days. There are currently 59 homes for sale in the Hermosa Beach real estate market and 41 of them are single family homes while 10 of them are condos and 8 are townhomes. For more information on this home for sale at 840 Pacific Coast Hwy Hermosa Beach, CA 90254 contact Ardent Real Estate Group and we will put you in touch with one of our Hermosa Beach agents.

Public Facts for 840 Pacific Coast Hwy

Public county record property details
Beds
--
Baths
--
Year built
1984
Sq. Ft.
907
Lot Size
6,393
Stories
--
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
4186-008-001

The source for these homes facts are from public records.

90254 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$1,371
Median Sold Price
$2,510,000
Median Sold Price/Sq.Ft.
$1,290
Total Inventory
59
Median Sale to List Price %
100.44%
Avg Days on Market
33
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (40%), Other (40%)

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Hermosa Beach Agent
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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