FOR SALERARE ±0.46-ACRE COASTAL COMMERCIAL DEVELOPMENT OPPORTUNITYOR 7,520 SF FREESTANDING RETAIL BUILDING FOR INVESTOR OR OWNER/USER
1630 Pacific Coast Highway | Hermosa Beach, CA
OFFERING MEMORANDUM
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 unusually
large commercial property in this beach community
while collecting a stabilized rental income from
the current tenant – Jack’s Surfboards – through
11/30/2020. Alternatively, the buyer may retain
the existing 7,520 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.
A | OPPORTUNITY OVERVIEW
SITE
1630 PCH | EXECUTIVE SUMMARY | 2
LOCATION HIGHLIGHTS
• Hard corner location
• Rectangular-shaped site
• Potential 2-street access
• Excellent on-site and street parking
• over 200’ of Pacific Coast Highway
frontage
• 53,000 Motorists per day
PROPERTY Prime 0.46-acre commercial land parcel located in the heart of
Hermosa Beach; within walking distance of the Hermosa Beach Pier
Lease Income: Existing income stream to
help support entitlement expenses
Investor/Owner/User: Secondary opportunity to maintain
the existing 7,520 SF freestanding retail building with
the current lessee, or occupy at lease termination
LOCATION International tourist destination; 3,000 feet from the beach;
3.3 miles from the 405 Freeway; 5.0 miles from LAX;
Ideal year-round climate; Excellent demographics
DEMOGRAPHICS Outstanding 2017 Estimated Average Household Income
1 Mile
$189,123
3 Mile
$156, 475
5 Mile
$125,127
LAND USE DESIGNATION Special Planning Area 8 - the broadest commercial zoning
designation in the City of Hermosa Beach
CURRENT USE Leased to Jack’s Surfboards through 11/30/2020
PRICE $9,500,000
B | PROPERTY HIGHLIGHTS
1630 PCH | EXECUTIVE SUMMARY | 3
A | PROPERTY OVERVIEW
FEATURES
ADDRESS 1630 Pacific Coast Highway, Hermosa Beach, CA 90254
SITE 20,049 SF (0.46 Acres)
BUILDING 7,520 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 DESCRIPTION
Hard Corner Location; Fully Improved; Mostly Flat; Hillside Slope Along East Portion of Property
TRAFFIC COUNT 53,000 Motorists Per Day on Pacific Coast Highway
PARKING 16 On Site Parking Plus Street Parking
ZONING Special Planning Area 8 (SPA-8); Allows All Uses Permitted in C-3 Zone
FAR 1.0
APN’S 4185-005-001, 002, 005
UTILITIES/INFRASTRUCTURE
Electric – On siteWater - On sitePhone - On siteSewer - On siteGas - On siteStreet – YesSidewalk – YesCurb/gutter - Yes
CURRENT LEASE Property is subject to an existing lease with Jack’s Surfboards which expires on 11/30/2020. Lessee has no options to extend or purchase. Jack’s Surfboards’ Lease Abstract is available subject to a confidentiality agreement.
1630 PCH | THE OFFERING | 5
B | RETAIL TRADE AERIAL
1630 PCH | THE OFFERING | 6
Artesia Blvd
Paci f ic Ocean
Pacific C
oast Hw
y
Herm
osa Ave
0.5 Mile
SITE
Pier AveAvia
tion B
lvd
Grant Ave
Prosp
ect AveValley D
r
D | SITE PLAN
1630 PCH | THE OFFERING | 9
PACIFIC COAST HWY
17
TH
ST
RE
ET
15’
75’
Planter
Pylon Sign
Trash
116’
127’
Not to Scale. A l l measurements are approximate and not guaranteed.
20’
61’