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’