HERMO

SA AVE

P r i m e B e a c h R e a l E s t a t e

FOR SALE

844 Hermosa Avenue | Hermosa Beach, CA

8 4 4 H E R M O S A AV EN U E , H E R M O S A B E A C H , C A

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Highland Partners Corp. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or Highland Partners Corp, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a

result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Highland Partners Corp. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Highland Partners Corp.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Highland Partners Corp.

© 2018 | Highland Partners Corp. | The information being provided by Highland Partners Corp. and/or its sources is deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Any information, measurements, facts and actual drawings shown are approximate, subject to change, or withdrawal without notice and should be independently verified by you and may not be relied upon as a precise representation by this office. No warranties or representations are made as to the condition of the property or any hazards contained therein nor any to be implied. | Logos are for identification purposes only and may be trademarks of their respective companies.

CONTACT:

MICHAEL GRANNISLic. 01393628Phone: 310-379-2228 ex 2mike.grannis@highlandpartnerscorp.com

MARYL (HAIRE) BINNEY Lic. 01357931 Phone: 310-379-2228 ex 4 maryl.binney@highlandpartnerscorp.com

2200 Pacific Coast Highway, Suite 316, Hermosa Beach, CA 90254

C o n f i d e n t i a l i t y A g r e e m e n t

2844 Hermosa Avenue, Hermosa Beach, CA

8 4 4 H E R M O S A AV EN U E , H E R M O S A B E A C H , C A

S u m m a r yASKING PRICE: $5,250,000

HERMOSA AVENUE

Highland Partners Corp is pleased to present the opportunity to acquire 844 Hermosa Avenue. This freestanding building is a prime owner/user or investment property located in the highly desirable beach city of Hermosa Beach.

P r o p e r t y O v e r v i e wADDRESS: 844 Hermosa Avenue Hermosa Beach, CA 90254

LAND SIZE: 5,859 SF

BUILDING: 6,383 SF

PARKING: 7 Spaces

APN: 4187-007-020

ZONING:HB-C2

YEAR BUILT: 1998

3844 Hermosa Avenue, Hermosa Beach, CA

8 4 4 H E R M O S A AV EN U E , H E R M O S A B E A C H , C A

P r o p e r t y H i g h l i g h t s• Prominent location, steps to the beach

and sand

• Great opportunity for an Owner/Useror investor

• Restaurant operation approvedwith potential for creative office

• High barriers to entry marketwith low vacancy

• High affluent population

• Ocean views from secondfloor

• In the heart of a majordestination hub for tourists and locals.

• Excellent lot coverageat a price that’s belowreplacement cost

P a r c e l M a p

HERMOSA AVE

MANHATTAN AVE

10TH

ST

8TH

ST

4844 Hermosa Avenue, Hermosa Beach, CA

8 4 4 H E R M O S A AV EN U E , H E R M O S A B E A C H , C A

A e r i a l MA

NH

ATTA

N A

VE

NU

E

8TH STREET

THE STR

AN

D

HERMOSABEACH

HE

RM

OSA

AV

EN

UE

HERMOSABEACH

PIER

10TH STREET

5844 Hermosa Avenue, Hermosa Beach, CA

8 4 4 H E R M O S A AV EN U E , H E R M O S A B E A C H , C A

Lo c a l C o m m e rc i a l

16th S

T

16th S

T

16th C

T

15th S

T

15th C

T

14th S

T

14th C

T

13th S

T

11th S

T11

th S

T

11th P

L

11th C

T

10th S

T10

th S

T

10th C

T

9th S

T

9th C

T

8th S

T8t

h ST

8th C

T

7th S

T

7th S

T

7th C

T

6th S

T

6th S

T

HERMOSACITY BEACH

BEACH DR BEACH DR

HERMOSA AVENUEHERMOSA AVENUE

PIER

PLA

ZA

HERMOSA BEACH PIER

MANHATTAN AVE

MANHATTAN AVE

MONTEREY BLVDMONTEREY BLVD

MONTEREY BLVD

PALM DR

BAY VIEW DR

LOMA DRSUNSET DR

SUNSET DR

CLARKSTADIUM

LOMA DR

LOMA DR

CYPRESS AVE

CYPRESS AVE

BARD STBARD ST

BARD ST

BAY VIEW DR

BAY VIEW DR

OAK

ST

PALM DR

PALM DR

VALLEY DRVALLEY DR

ARDMORE AVE

ARDMORE AVE

PIER

AVE

Hallmark

The Counter

Door to Door Valet CleanersBaker, Burton & LundyWash & Surf Laundry

The SourceThe Massage Spot

LavishMark of Excellence

Buona VitaBow Wow Boutique

Hook & PlowHermosa Lock & Key

MaximustLasers & Aesthetic MedicineMimosa

Thai TopRevive Thai SpaPier Ave. Fitness

Gum Tree KidsTurquoise

U.S. Post OceMiss Bee’s Tutoring

Skin MedixAccudata

KinectaVera Deutsch, D.D.S.

Becker Suroards

Ericson’s Beach Real Estate

Beach TravelShanna Shryne Design

Java Man / WickedKickboxingC ‘est la Vie Boutique / Studio 7The Coastal Connection / Steak and Whiskey

Rok Sushi

Kitchen

Chase CitibankMediterraneo

Spyder Surf ShopTower 12

Café BonapartePalmilla Cocina Y Tequila

Jakes Beach BreakHooked

Pier Surf

Hermosa Playa

Stars Antique Market

Bikram Yoga

SC Escrow Services, Inc.

Hermosa Chiropractic & Live NutritionThe Bike ShopState Farm Insurance Crème de la Crepe CafeRockefellerMartin Equities

Marlin Equity

Fritto MistoMarx Pier Ave.Chef Wang’sUncorked

Abe’s Liquor

Gum Tree

Deep Pocket Jean CompanyDetails / NW Real Estate BrokersAmaloa / The Plank SpaceLuna

New Orleans CajunMaison Luxe

SubwayCurious / Sol Baby

Hair Mechanics / Rose Cleaners / AR Salon / Local 90 / Paciugo GelatoAmigo Tacos / Nu Shuz /Elegant Nails & Spa / Pita Pit / Yard / BKB ApparelSalvatore’s / Blue Rose Boutique / Sugar Rays / Paisanos Pizza & Pasta Zane’s / Michelle's / Yak & Yeti / The Poke Bar / The Comedy & Magic Club

Beach Cities Yoga Mickey McColgan’s / / Eighten

Barnacles

Bank of America / Boardwalk Burgers & FriesRoberts LiquorAmerican JunkieBaja SharkeezPatrick Molloy’sTreasure ChestGreenbeltProject TacoLighthouse Café

Waterman’s SafehouseSilvio’sHennessey’s Tavern

City nnnall

Fire Department

PublicLibrary

Number Nine / Pedones Pizza / LaserAway / Paradise BowlsStanding Room / Decadence / Big Mikes / Bionic Body / Laurel Tavern Levy Art Studio / Soho Yoga / Dermstore / Dia de Campo

ScottSeymourJewelers

THE STRAND

PACIFIC COAST HIGHWAY

Starbucks FrostedCupcakes

BeachMarket

`

SITE

6844 Hermosa Avenue, Hermosa Beach, CA

8 4 4 H E R M O S A AV EN U E , H E R M O S A B E A C H , C A

H e r m o s a B e a c h M a r k e t O v e r v i e wHermosa Beach is a beachfront city in Los Angeles County,

California, United States. Its population was 19,506.The

city is located in the South Bay region of the greater

Los Angeles area and is one of the three Beach Cities.

Hermosa Beach is bordered by the other two, Manhattan

Beach to the north and Redondo Beach to the south

and east. The city’s beach is popular for sunbathing,

beach volleyball, surfing, paddleboarding and bars.

The city itself extends only about 15 blocks from

east to west and 40 blocks from north to south,

with the Pacific Coast Highway running down the

middle. Situated on the Pacific Ocean. A paved

path, called The Strand, runs along Hermosa’s

beach from Torrance Beach in the south

approximately twenty miles north to Santa

Monica. The Hermosa Beach pier is at the

end of Pier Avenue, which is one of the

beach community’s main shopping, eating

and partying areas. Hermosa Beach is one

of the most affluent beach cities in the

region and has a growing population

of professionals and families

C i t y D e m o g r a p h i c s MEDIAN AGE:38.8

MEDIAN HH INCOME:$128,435

POPULATION:19,891

BACHELOR’S DEGREE +:73.5%

MEDIAN PROPERTY VALUE:+$1.0M

7844 Hermosa Avenue, Hermosa Beach, CA

8 4 4 H E R M O S A AV EN U E , H E R M O S A B E A C H , C A

EXCLUSIVELY MARKETED BY:

MICHAEL GRANNISLic. 01393628Phone: 310-379-2228 ex 2mike.grannis@highlandpartnerscorp.com

MARYL (HAIRE) BINNEY Lic. 01357931 Phone: 310-379-2228 ex 4 maryl.binney@highlandpartnerscorp.com

2200 Pacific Coast Highway, Suite 316Hermosa Beach, CA 90254

HER

MO

SA A

VEN

UE