Philip Bonstin Sells Retail Property On E Pacific Coast Hwy In Hermosa Beach, CA For $4.3M
2461 Pacific Coast Highway, Hermosa Beach, California 90254, United States
$4,300,000
$900/SF
Building Size
4,773 SF
Asset Type
Retail
Closing
Aug 11, 2022
AI
The retail property located at 2461 E Pacific Coast Hwy in Hermosa Beach, CA has been sold for $4,300,000. The property spans across 4,773 square feet, resulting in a price per square foot of $901. The transaction took place on 08/12/2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $4,300,000
- Square Footage: 4,773
- Price per Square Foot: $901
- Address: 2461 E Pacific Coast Hwy, Hermosa Beach, CA
- Seller: Philip Bonstin
- Broker: Ryan Sharpe - Kidder Mathews
Ryan Sharpe from Kidder Mathews represented Philip Bonstin in the sale of the property.
Players
Hermosa Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93