$1,100,000
$1,900,000
42.1%For more information regarding the value of a property, please contact us for a free consultation.
9,591 Sqft Lot
SOLD DATE : 02/27/2025
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24134834
Sold Date 02/27/25
HOA Y/N No
Year Built 1984
Annual Tax Amount $20,133
Tax Year 2024
Lot Size 9,591 Sqft
Lot Dimensions Assessor
Property Sub-Type Industrial
Property Description
Located in a prime spot on Pacific Coast Highway, this property offers excellent visibility, making it ideal for a variety of businesses. With a floor area ratio (F.A.R.) of 0.50 to 1.25 and a maximum height of 35 feet, the development potential is substantial. The C-3 zoning allows for a broad range of uses, including dental and medical offices, retail spaces, offices, and animal hospitals or veterinary clinics. The current rent rate is significantly below the market value, presenting an attractive opportunity for future growth. IMPORTANT – FOR LEASE TERM DETAILS CALL LISTING BROKER.
Location
State CA
County Los Angeles
Area 150 - Hermosa Bch East
Zoning C3
Interior
Fireplace No
Laundry None
Exterior
Fence Good Condition
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Flat
Building
Lot Description Corner Lot, Rectangular Lot, Rolling Slope
Story 2
Water Public
Others
Tax ID 4186008001
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Stephen Lampe • Re/Max Commercial & Investment