thank you
Your email has been sent!
840 Pacific Coast Hwy
3,907 SF Retail Building Hermosa Beach, CA 90254 $1,900,000 USD ($486 USD/SF) 8.44% Cap Rate
Investment Highlights
- Prime location on PCH with excellent visibility
- C-3 zoning allows broad range of uses, dental, medical, retail, office, animal hospital/veterinarian
- Development potential F.A.R. 0.50 - 1.25 to 1 35' Height Maximum
- Rent rate is significantly below market
Executive Summary
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.
Financial Summary (Pro forma - 2024) |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$187,536
|
$206.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$187,536
|
$206.77
|
| Taxes |
$20,133
|
$22.20
|
| Operating Expenses |
$7,000
|
$7.72
|
| Total Expenses |
$27,133
|
$29.92
|
| Net Operating Income |
$160,403
|
$176.85
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $187,536 |
| Annual Per SF | $206.77 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $187,536 |
| Annual Per SF | $206.77 |
| Taxes (USD) | |
|---|---|
| Annual | $20,133 |
| Annual Per SF | $22.20 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $7.72 |
| Total Expenses (USD) | |
|---|---|
| Annual | $27,133 |
| Annual Per SF | $29.92 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $160,403 |
| Annual Per SF | $176.85 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,907 SF
Building Class
C
Year Built
1984
Price
$1,900,000 USD
Price Per SF
$486 USD
Cap Rate
8.44%
NOI
$160,403 USD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.41
Land Acres
0.22 AC
Zoning
HBC3* - The zoning allows for a broad range of uses, including dental and medical offices, retail spaces, offices, and animal hospitals or veterinary clinic.
Frontage
80 FT on Pacific Coast Hwy
Amenities
- Corner Lot
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $220,561 USD | |
| Land Assessment | $111,704 USD | Annual Taxes | $20,133 USD ($5.15 USD/SF) |
| Improvements Assessment | $108,857 USD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$111,704 USD
Improvements Assessment
$108,857 USD
Total Assessment
$220,561 USD
Annual Taxes
$20,133 USD ($5.15 USD/SF)
Tax Year
2024
-
Stephen Lampe -
RE/MAX Commercial & Investment Realty
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
840 Pacific Coast Hwy
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.