81 Pier Avenue Hermosa Beach, CA ^$ 14,250,000

81 Pier Avenue

^$ 14,250,000

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81 Pier Avenue

Hermosa Beach, CA, 90254

^$ 14,250,000

Studio Baths0.0 Sq 3,909

Monthly Estimate*

^$ 99,541

Listed by Palm Realty Boutique, Inc.

81 Pier Avenue, Hermosa Beach, CA 90254 - Image 1

81 Pier Avenue, Hermosa Beach, CA 90254 - Image 2

81 Pier Avenue, Hermosa Beach, CA 90254 - Image 3

81 Pier Avenue, Hermosa Beach, CA 90254 - Image 4

81 Pier Avenue, Hermosa Beach, CA 90254 - Image 5

81 Pier Avenue, Hermosa Beach, CA 90254 - Image 6

81 Pier Avenue, Hermosa Beach, CA 90254 - Image 7

81 Pier Avenue, Hermosa Beach, CA 90254 - Image 8

Studio

Commercial Property for sale in Hermosa Beach, CA

for $14,250,000. This 3,909 square foot building was built in 1971 on a lot size of 0.1237.

Rare, Rare, Rare opportunity to own a Hermosa Beach Landmark Property. In the early 1900's, this location was home to The First Bank of Hermosa Beach and has seen major renovation over the years. Now, the current Citibank building is an amazing trophy property that is the first building to welcome you to the Hermosa Beach Pier Plaza. Pier Plaza is a pedestrian-friendly destination with retail shops, beach boutiques, chic stores, fine dining, casual eateries, cocktail bars and of the course the world famous Hermosa Beach Pier. It has been said that the Citibank building is the most recognizable property in Hermosa Beach with it's historical significance, timeless architecture, 124' of Hermosa Ave frontage, 74' of Pier Ave frontage, direct path crosswalks leading to it's doors and an estimated 25,000 cars passing by each day. This property is one of a kind and will not last. Don't miss your chance to own a piece of Hermosa Beach.

Commercial Pending

Price

^$ 14,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

SpecialPurpose

Lot Size

0.1237

Year Built

1971

Town/City

Hermosa Beach

County/Region

Los Angeles

MLS | Web ID

SB23013959

Days on Market

473

Features

Exterior

Lot Features CornerLot

Water Source Public

Lot Size Area 5389.0

Spa N

Building Area Total 3909.0

Lot Size Acres 0.1237

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Year Built 1971

Property SubType SpecialPurpose

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions N/W Corner of Pier Ave and Hermosa Ave

City Hermosa Beach

View Y/N N

Senior Community Y/N N

MLS Area 148 - Hermosa Bch Sand

Lot Size Square Feet 5389.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Pier

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 157

Building Area Units SquareFeet

Standard Status Pending

Occupancy Description Owner

Property Sub Type Additional SpecialPurpose

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Electric On Property Y/N N

Internal Only

Street Number 1 81

* Excluded Features

List By

Palm Realty Boutique, Inc.

Broker

(310) 678-7158

Phone

Affordability Calculator

$99,541

Per Month

Monthly Principal & Interest: $99,541
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Hermosa Beach, CA

Average List Price ^$4,382,369

Percent of Sale Price 69%

About Hermosa Beach, CA

19,507 Population

6% Since 2002

^$126,294 Median Income

40.13 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/26/2023	$14,250,000		Listed Price

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81 Pier Avenue, Hermosa Beach, CA, 90254 is a Commercial Property for sale at $14,250,000 with 3,909 sqft and a lot size of 0.1237. 81 Pier Avenue is a studio with 0.0 baths and was built in 1971. The property's zip code is 90254 which is in Hermosa Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/11/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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81 Pier Avenue

Commercial Property for sale in Hermosa Beach, CA

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