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Map
$127,912*
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Commercial -
Off Market
337 Pier Ave.
Hermosa Beach, CA 90254
Studio
0 Bath
$90,000 - $100,000
Reference Base Price*
42.12%
Since May 1, 2020
CA-Los Angeles
Primary Model
About This Property
Turn key beach side restaurant located in the central commercial
corridor of Hermosa Beach on Pier Ave. within three blocks of the
beach. The property is surrounded by high end residential
developments and flourishing boutique stores, professional offices
and restaurants. A beach community known for it's multiple events
throughout the year celebrating the lifestyle of living at the
beach from surfing contest, volleyball tournaments, festivals,
concerts and movies on the beach. The 1,900 sf restaurant is fully
furnished with seating for 79, a well equipped kitchen, upgraded
plumbing, electrical and gas lines as well as two ADA approved
bathrooms. There is a CUP in place for a beer and wine license
along with all the local agency approvals for a restaurant. The
lease has a base rent of $7,500 NNN with two 5 yr. options to
renew. Net fees are $780 p/m and there is a landlord food allowance
for $750 p/m. Easy access - please call listing agent for details.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1946
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 7, 2020 | No longer available | - | |
No longer available | |||
Dec 20, 2019 | Price Decreased |
$90,000
↓ $70K
(43.8%)
|
|
Price Decreased | |||
Sep 15, 2019 | Price Decreased |
$160,000
↓ $85K
(34.7%)
|
|
Price Decreased | |||
Jun 26, 2019 | Listed | $245,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/26/2019
|
|
Studio
|
-
|
-
|
$245,000
Studio
-
|
-
-
|
-
|
-
|