66 11th Street, Hermosa Beach, CA 90254 (MLS# 219116630)

66 11th Street, Hermosa Beach, CA 90254

$5,600,000
Property Type: Commercial Sale Square Footage: 4,198 Lot Size (sq. ft.): 3,049 Status: Closed
Current Price: $5,600,000 List Date: 9/13/2024 Last Modified: 12/19/2024

Overview

Description

SW Beach Hotel is a 9-unit boutique hotel located near the corner of 11th Street and Hermosa Avenue near the pier in the heart of Hermosa Beach, California. Formerly an 11-unit multi-family building, the Property was purchased by its current owner in 2014, operated for several years as a multi-family property before being approved in 2020 and subsequently transformed and reopened as the SW Beach Hotel in 2023. The hotel offers 9 rooms within a two-story, wood-frame I-shaped structure. The primary amenity is the 1800-sf Rooftop Deck, which serves as a guest amenity and also a revenue center when rented out to hotel guests. Guestrooms are unique in design and decor, and range from 184 to 550 square feet. Six of nine rooms offer full kitchens and outdoor patios or balconies. A large 550-square-foot penthouse is proximate and offers easy access to the Rooftop Deck. Each guestroom is individually styled and named. Current ownership spent ±1 million renovating the hotel, adding a small l ...

Listing Details MLS# 219116630

General Property Information

Approx SqFt
4198
SqFt Source
Assessor
Lot Acres
0.07
Lot Size Source
Assessor
Lot Dimensions
30x95
Zoning
C-1/C-P
Year Built
1911
Cross Streets
11th and Hermosa Ave

Property Features

Business Type: Hospitality Sale Type: Standard Showing Access: Appointment w/List Office; Do Not Contact Occupant Owner Pays: A/C; Electric; Gas/Heat; Insurance; Janitor; Phone; Refuse Removal; Sewer; Taxes; Water Asset Class: Hotel/Motel Survey: Buyer Pays Signage: Sign on Building Laundry: Laundry Closet Stacked; Upper Level Disclosures: Property As Is

Listing Location and Property Info

APN
4187004013
Original List Price
5800000
Property Sub-Type
Hotel/Motel
Street #
66
Street Name
11th
Street Suffix
Street
County
Los Angeles
State
CA
Zip Code
90254
Area
148 - Hermosa Beach Sand
Country
US

Listing Info

Accounting Type
Actual
Ownership Type
LLC

Property Info

Entry Floor Number
Yes
Building # of Stories
2
# Units
9
Business Name
SW Beach Hotel
# Buildings
Yes
Building Status
Existing

Status Change Info

Status Change Date
2024-12-18
Pending Date
2024-10-31
Closed Date
2024-12-16
Closed Price
5600000

More Information

Expenses

Expense Year
2025

Income

Effective Gross
750000
Net Operating
420000

Business Info

Business URL
swbeachhotel.com
URL Description
Hotel Site
Cap Rate
7
Cooling
Yes
Heating
Yes
Current Use
9-room hotel with 1800 SF rooftop deck
Investment Property
Yes
Laundry Equipment
Yes
Sale or Lease
Sale
Years Under Current Owner
10

Parking SpacesInformation

Total Covered Spaces
2
Total Uncovered/Assigned Spaces
4
Total Parking Spaces
6

Listing, Location and Property Info

Entry Date
2024-09-12

Owner Pays

A/C
Yes
Electric
Yes
Gas/Heat
Yes
Insurance
Yes
Janitor
Yes
Phone
Yes
Refuse Removal
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Business Type

Hospitality
Yes

Sale Type

Standard
Yes

Showing Access

Appointment w/List Office
Yes
Do Not Contact Occupant
Yes

Asset Class

Hotel/Motel
Yes

Disclosures

Property As Is
Yes

Survey

Buyer Pays
Yes

Signage

Sign on Building
Yes

Laundry

Laundry Closet Stacked
Yes
Upper Level
Yes

Documents

Listing Office: Harry Pflueger, Broker
Listing Agent: Harry W Pflueger
Last Updated: December - 19 - 2024
Information deemed reliable but not guaranteed.
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