FOR SALE RARE 0.46 ACRE COASTAL COMMERCIAL DEVELOPMENT OPPORTUNITY - OR 7,512 SF FREESTANDING RETAIL BUILDING FOR INVESTOR OR OWNER/USER - LoopNet
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FOR SALE RARE ± 0.46‐ACRE COASTAL COMMERCIAL DEVELOPMENT OPPORTUNITY OR 7,512 SF FREESTANDING RETAIL BUILDING FOR INVESTOR OR OWNER/USER 1630 Pacific Coast Highway | Hermosa Beach, CA
OPPORTUNITY OVERVIEW Real Estate West & NAI Capital Inc. have been selected to exclusively offer this rare 0.46-acre Commercial Development/Retail Investment Opportunity in Hermosa Beach, California. The opportunity allows the development of an SITE unusually large commercial property in this beach community while collecting a stabilized rental income from the current tenant – Jack’s Surfboards – through 01/31/24. Alternatively, the buyer may retain the existing 7,512 SF freestanding retail building as a continuing leased investment or future owner/ user occupancy. The City’s broadly allowed uses include retail, office, restaurant, hospitality and many services. No warranty, express or implied, is made as to the accuracy of the information contained Jonathan Coleman David Knowlton, SIOR, CCIM herein. This information is submitted subject to errors, omissions, change of price, rental Real Estate West Executive Vice President or other conditions, withdrawal without notice, and is subject to any special listing 310.546.3441 x222 949.468.2307 conditions imposed by our principals. C ooperating brokers, buyers, tenants and other jonathancoleman1@aol.com dknowlton@naicapital.com parties who receive this document should not rely on it, but should use it as a starting Cal DRE Lic #00707775 Cal DRE Lic #00893394 point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and Real Estate West NAI Capital Commercial, Inc. documents that constitute reliable sources of the information described herein. NAI 905 Manhattan Beach Boulevard 1920 Main Street, Suite 100 Capital Commercial CA BRE #02130474 Manhattan Beach, CA 90266 Irvine, CA 92614
PROPERTY HIGHLIGHTS
PROPERTY Prime 0.46‐acre commercial land parcel located in the heart of
LOCATION HIGHLIGHTS
Hermosa Beach; within walking distance of the Hermosa Beach Pier
• Hard corner location
Lease Income: Existing income stream to help
support entitlement expenses • Rectangular‐shaped site
Investor/Owner/User: Secondary opportunity to maintain the • Potential 2‐street access
existing 7,512 SF freestanding retail building with the current
lessee, or occupy at lease termination • Excellent on‐site and street parking
• Over 200’ of Pacific Coast Highway frontage
LOCATION International tourist destination; 3,000 feet from the beach; • 53,000 Motorists per day
3.3 miles from the 405 Freeway; 5.0 miles from LAX; Ideal
year‐round climate; Excellent demographics
DEMOGRAPHICS Outstanding 2021 Estimated Average Household Income
1 Mile 3 Mile 5 Mile
$205,256 $168,574 $136,183
Special Planning Area 8 ‐ the broadest commercial zoning
LAND USE
designation in the City of Hermosa Beach
DESIGNATION
CURRENT USE Leased to Jack’s Surfboards through 1/31/2024
PRICE $6,995,000
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C A
PROPERTY OVERVIEW
FEATURES
ADDRESS 1630 Pacific Coast Highway, Hermosa Beach, CA 90254
SITE 20,049 SF (0.46 Acres)
BUILDING 7,512 SF Freestanding Retail Building with Over 120’ of
Window Frontage and 204’ of Street Frontage
YEAR BUILT 1958
SITE DIMENSIONS 204’ Frontage x 100’ Depth (Approx.)
SITE Hard Corner Location; Fully Improved; Hillside Slope Along
DESCRIPTION North Portion of Property
TRAFFIC COUNT 53,000 Motorists Per Day on Pacific Coast Highway
PARKING 18 On‐Site Parking Plus Street Parking
ZONING Special Planning Area 8 (SPA‐8); Allows All Uses Permitted in
C‐3 Zone
ALLOWED FAR 1.0
APN’S 4185‐005‐001, 002, 005
UTILITIES/ Electric – On site
INFRASTRUCTURE Water ‐ On site
Phone ‐ On site
Sewer ‐ On site Gas
‐ On site Street –
Yes Sidewalk – Yes
Curb/gutter ‐ Yes
CURRENT LEASE Property is subject to an existing lease with Jack’s Surfboards
which expires on 1/31/2024. Lessee has no options to extend
or purchase. Jack’s Surfboards’ Lease Abstract is available
subject to a confidentiality agreement.
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C A
RETAIL TRADE AERIAL
Artesia Blvd
0.5 Mile
Grant Ave
SITE
The picture can't be display ed.
Blvd
Bl
vd
P a ci f i c
O ce a n
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C A
AERIAL MAP
Hawthorne Blvd
W 135th St
Aviation Blvd
Rosecrans Ave
3 Miles 405
W 147th St
Marine Ave
Doty Ave
Pacific Ave
1 Manhattan Beach Blvd
Western Ave
Robinson St
SITE
1 Mile
Artesia Blvd
Flagler Ln
Inglewood Ave
Rindge Ln
W 182nd St
W 190th St
Van Ness Ave
107
Crenshaw Blvd
Del Amo Blvd 213
Madrona Ave
Earl St
P a ci f i c Torrance Blvd
O ce a n
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C A
LOCATION MAPS
Los Angeles County
30 Mile
Marine Ave
210 405
405
Glendale Pasadena
1 Manhattan Beach Blvd
Bradbury
20 Mile
Beverly Hills Alhambra
Inglewood Ave
N Peck Ave
El Monte
Hawthorne Blvd
Aviation Blvd
Vail Ave
Santa Monica Valinda
SITE
10
605
Huntington Industry
Park
Whittier Artesia Blvd
Inglewood 10 Mile
Downey Orange County
Hawthorne
Flagler Ln
Compton Fullerton
W 182nd St
Redondo Beach Lakewood 5
Torrance
110 405
Anaheim 107
Palos Verdes Estates Long Beach W 190th St
Westminster
Del Amo Blvd
Anza Ave
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C A
SITE PLAN
17TH STREET
Trash
PACIFIC COAST HWY
Not to Sc a le . All m e a s u r e m e n t s are a p p r o x i m a t e and not g u a r a n t e e d .
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C A
PROPERTY PHOTOS
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C A
PROPERTY PHOTOS
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11PROPERTY PHOTOS
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C APROPERTY PHOTOS
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C AASSESSOR’S PARCEL MAP
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C AZONING OVERVIEW
Special Planning Area 8: Allows all commercial uses as those permitted in the C‐3 CONTACT INFORMATION
General Commercial zone. This is the broadest commercial zone in Hermosa Beach.
Allowed uses include retail, office, restaurants, service & hospitality among many others. City Hall
1315 Valley Drive
C‐3 General Commercial Zone: Provides opportunities for the full range of office, retail, Hermosa Beach, CA 90254
and service businesses deemed suitable for the city and appropriate for the Pacific Phone: (310) 318‐0239
Coast Highway and Aviation Boulevard commercial corridors, including businesses not Web: www.hermosabch.org
appropriate for other zones because they attract heavy vehicular traffic or have specific
adverse impacts. Planning Division: (310) 318‐0242
Building Division: (310) 318‐0235
Two sets of standards apply in this specific plan area: first tier and second tier. Compliance Code Enforcement Division: (310) 318‐0235
with first tier standards allows the project to proceed with a building permit. If a project
goes beyond any of the first tier standards, the procedure for submittal and approval of
a precise development plan shall be followed. Developments must be in compliancewith
second tier standards at all times.
1STTIERMIN/MAX 2NDTIERMIN/MAX
REQUIREMENTS REQUIREMENTS
MAX.HEIGHT 25 Feet 35 Feet
COVERAGE Max. 1.0 F.A.R.* N/A
MAX.SIZE 10,000 SF N/A
Gross Floor Area
MIN. LANDSCAPECOVERAGE 5% of lot area 2% of lot area
*Gross floor area/lot area ratio (excludes parking structures)
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C ACITY OF HERMOSA BEACH
Hermosa Beach is located in the South Bay region of the greater Los The wide flat beach makes Hermosa Beach one of the most popular
Angeles area; just 5 miles south of Los Angeles International Airport. places to play beach volleyball, from professional to amateur.
It is one of the three Beach Cities and is bordered by the other two; Hermosa Beach is home to the AVP Hermosa Beach Open
Manhattan Beach to the north and Redondo Beach to the south and tournament and several amateur CBVA tournaments during the year.
east. The Strand stretches north to Santa Monica and south to Redondo
Beach, and is a popular place for walkers, joggers and biking.
The city’s beach is popular for sunbathing, beach volleyball, surfing,
paddle boarding and bars. The city itself extends only about 15 blocks Hermosa Beach is within a few minutes commute of many of the
from east to west and 40 blocks from north to south, with the Pacific largest and best known names in corporate America in such fields as
Coast Highway running down the middle. Situated on the Pacific aerospace, high tech, industrial, service and financial. And with scores
Ocean, Hermosa’s average temperature is 70°F (22°C) in the summer of fashionable boutiques, independent shops, restaurants, and
and 55°F (13°C) in the winter. It has an average of 325 days of outdoor activities ‐‐ all within 1.4 square miles and easy walking
sunshine a year. distance — Hermosa Beach offers something for everyone.
1630 P a cific C o a s t H ig h w a y | H e rm o s a B e a ch , C ADEMOGRAPHICS OVERVIEW
Population 1 Mile 3 Mile 5 Mile Age 1 Mile 3 Mile 5 Mile
2021 Estimated Population 33,588 173,352 405,792 Median Age 37.8 38.5 37.9
2026 Projected Population 32,873 169,762 398,073 Age 19 Years or Less 6,783 39,321 97,307
Age 20 to 64 Years 23,280 114,462 263,660
2021 Male Population 17,099 86,585 199,972
Age 65 Years or Over 4,442 24,810 57,995
2021 Female Population 16,489 86,767 205,820
2021 Total population: under 5 years 1,937 5.8% 9,700 5.6% 22,857 5.6%
2021 Total Adult Population 25,733 128,789 294,848
2021 Total population: 5 to 9 years 1,828 5.4% 9,980 5.8% 23,745 5.9%
2021 Total Businesses 2,379 10,385 23,857
2021 Total population: 10 to 14 years 1,484 4.4% 9,153 5.3% 22,992 5.7%
2021 Total population: 15 to 19 years 1,228 3.7% 8,006 4.6% 20,680 5.1%
Income 1 Mile 3 Mile 5 Mile
2021 Total population: 20 to 24 years 1,378 4.1% 7,724 4.5% 20,670 5.1%
2021 Estimated Household Income: Average $205,256 $168,574 $136,183 2021 Total population: 25 to 29 years 2,999 8.9% 12,875 7.4% 30,627 7.5%
2021 Estimated Household Income: Median $143,728 $122,501 $103,010 2021 Total population: 30 to 34 years 3,371 10.0% 15,212 8.8% 33,198 7.9%
2021 Estimated Per Capita Income $95,579 $70,989 $54,392 2021 Total population: 35 to 39 years 3,180 9.5% 14,629 8.4% 31,833 7.8%
2021 Total population: 40 to 44 years 2,697 7.8% 12,898 7.2% 29,540 7.1%
2026 Projected Household Income: Average $251,235 $203,664 $163,750
2021 Total population: 45 to 49 years 2,677 8.0% 12,765 7.4% 28,999 7.1%
2026 Projected Household Income: Median $164,354 $140,647 $118,820
2021 Total population: 50 to 54 years 2,081 6.2% 11,661 6.7% 27,289 6.7%
2026 Projected Per Capita Income $121,688 $89,446 $68,077
2021 Total population: 55 to 59 years 2,125 6.3% 11,431 6.6% 26,340 6.5%
2021 Total population: 60 to 64 years 2,059 6.1% 10,788 6.2% 24,436 6.0%
Households 1 Mile 3 Mile 5 Mile
2021 Total population: 65 to 69 years 1,672 5.0% 8,844 5.1% 20,172 5.0%
2021 Estimated Households 15,638 72,940 161,897 2021 Total population: 70 to 74 years 1,326 3.9% 7,154 4.1% 16,142 4.0%
2021 Average Household Size 2.1 2.4 2.5 2021 Total population: 75 to 79 years 803 2.0% 4,747 2.7% 11,127 2.7%
2021 Total population: 80 to 84 years 536 1.6% 2,825 1.6% 6,956 1.7%
2026 Projected Households 15,921 74,506 165,346
2021 Total population: 85 years and over 589 1.8% 3,473 2.0% 8,342 2.1%
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