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Chez Ray LLC Purchases Mixed-Use Property In Hermosa Beach For $6.48 Million

Property Image
SOLD
$6,480,000
Richard Rizika
Simon Mattox

California

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Mixed-use7,930 SF
Sold
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Property Image
SOLD

Chez Ray LLC Purchases Mixed-Use Property In Hermosa Beach For $6.48 Million

1220 Hermosa Avenue

See Similar Deals
Mixed-use7,930 SF
Sold
Richard Rizika
Simon Mattox
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$817
Total Square Footage:7930 SF
Transaction Type:Sale

A mixed-use property was sold at 1220 Hermosa Avenue in Hermosa Beach for $6,480,000. This property comprises 7,930 square feet and features a ground-floor restaurant alongside residential units.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,480,000
  • Square Footage: 7,930
  • Price per Square Foot: $817
  • Buyer: Chez Ray LLC
  • Seller: Laura Arnold & Janice Shukovsky - Sylvia L. Arnold Revocable Trust
  • Buyer's Representative: Richard Rizika - Beta Agency
  • Seller's Representative: Simon Mattox - Kidder Mathews

The transaction involved Richard Rizika of Beta Agency representing the buyer and Simon Mattox of Kidder Mathews representing the seller, facilitating the sale of the property that combines commercial and residential elements.

Players

Simon Mattox
Kidder Mathews
Simon Mattox
20 deals$414.9M volume
BROKER
Richard Rizika
Beta Agency
Richard Rizika
4 deals$47.6M volume
BROKER
CBRE
CBRE
BROKERAGE

Details

SOLD
IMAGE: Richard Rizika & Simon Mattox DATE: 09/17/2024 ADDRESS: 1220 Hermosa Avenue MARKET: Hermosa Beach ASSET TYPE: Mixed-use BUYER: Chez Ray LLC SELLER: Laura Arnold & Janice Shukovsky - Sylvia L. Arnold Revocable Trust BUYER'S REP: Richard Rizika (@Rizmb) - Beta Agency (@Beta.Agency) SELLER'S REP: Simon Mattox (@SimonMattox) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $6,480,000 SF: 7,930 ~ PPSF: $817 NOTE: Beta Agency brokered the $6.48 million sale of a 7,930-square-foot mixed-use property at 1220 Hermosa Avenue in Hermosa Beach, purchased by Chez Ray LLC. The property includes a ground-floor restaurant and residential units, with Beta Agency’s Richard Rizika representing the buyer and Kidder Matthews' Simon Mattox representing the seller.

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Debt Service Coverage Ratio (DSCR)

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