217 Pacific Coast Highway

Closed

4,873 sf retail center with 12 car parking on the property and free, non metered city lot behind the property as well. 100% leased to 5 separate tenants on 5 year leases with annual increases. Completely renovated building with new: HVAC, roof, store fronts, doors, bathrooms, skylights, electrical panels, drywall, landscaping, fire suppression system, and architectural details. Approx. 2018 NOI is $208,700.
Original building is 1938 however very little remains but a few studs and some concrete. Building has been completely rebuilt to 2017 standards.
6 completely independent suites, 6 each new HVAC, all electrical components, ada restrooms, windows, doors, roof, structural steel, parking lot, back up generator, lighting.

High traffic counts on Southern Hermosa Beach property located on Pacific Coast Highway.

Price:$$4,950,000
Address:217 Pacific Coast Highway
City:Hermosa Beach
County:Los Angeles
State:California
Zip Code:90254
MLS:SB17237400
Year Built:2017
Square Feet:4,873

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