66 11th St - Hospitality FOR SALE


Hermosa Beach, CA 90254
$5,800,000 USD
949-759-8739
66 11th St, Hermosa Beach, CA for Sale
$5,800,000 USD
Hospitality - FOR SALE
1/40
null | 7% Cap Rate

66 11th St
Hermosa Beach, CA 90254


HIGHLIGHTS

  • Steps to the sand and Pier Plaza in Hermosa Beach, one of LA's premier beach markets
  • Stunning Rooftop Deck with potentially greater use to maximize revenue
  • Recently renovated and converted to hotel use in 2023
  • Owner operated since opening
  • Major barriers to entry and STR restrictions in Hermosa Beach
  • Well-appointed rooms, some kitchens, patios or balconies

OVERVIEW

Boutique 9-room hotel with 1800-SF Rooftop Deck w forever ocean views; irreplaceable location only steps from the sand and Hermosa Pier. Pier Plaza offers restaurants, bars, nightlife and retail, all within one block of the hotel. Owner-operated since opening last year in 2023. Fully renovated with countless upgrades. Great opportunity to own a fully licensed hotel in one of LA's most desirable beach markets. Attractive Cap Rate on actual first year numbers.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$1,382 USD /SF

# OF ROOMS

9

PRICE/ROOM

$644,444 {currency}

CAP RATE

7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SW Beach Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1911

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,913 SF

ZONING

C-2

APN/PARCEL ID

4187-004-013

ASK ABOUT THIS PROPERTY

Harry PfluegerMaxim Hotel BrokerageMore Info
949-759-8739

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Harry PfluegerMaxim Hotel BrokerageMore Info
949-759-8739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.