PRIME BEACH REAL ESTATEFOR SALE

HERMOSA AVE

CONFIDENTIALITY AGREEMENT

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Highland Partners Corp. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or Highland Partners Corp, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully

executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Highland Partners Corp. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Highland Partners Corp.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Highland Partners Corp.

© 2020 | Highland Partners Corp. | The information being provided by Highland Partners Corp. and/or its sources is deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Any information, measurements, facts and actual drawings shown are approximate, subject to change, or withdrawal without notice and should be independently verified by you and may not be relied upon as a precise representation by this office. No warranties or representations are made as to the condition of the property or any hazards contained therein nor any to be implied. | Logos are for identification purposes only and may be trademarks of their respective companies.

CONTACT:

MICHAEL GRANNISLic. 01393628Phone: 310-379-2228 ex 2mike@highlandpartnerscorp.com

MARYL (HAIRE) BINNEY Lic. 01357931 Phone: 310-379-2228 ex 4 maryl@highlandpartnerscorp.com

880 Apollo Street, Suite 331, El Segundo, CA 90245

PROPERTY OVERVIEW:ADDRESS: 844 HERMOSA AVENUE HERMOSA BEACH, CA 90254

LAND SIZE: 5,859 SF

BUILDING: 6,383 SF

YEAR BUILT: 1998

PARKING: 7 SPACES

ZONING: HB-C2

APN: 4187-007-020

summary • 3

SUMMARY

Highland Partners Corp is pleased to present the opportunity to

acquire 844 Hermosa Avenue. This freestanding building is a prime

owner/user or investment property located in the highly desirable

beach city of Hermosa Beach.

ASKING PRICE: $4,250,000

HERMOSA AVE

property highlights • 4

PROPERTY HIGHLIGHTS

PARCEL MAP

• Prominent location, steps to the beach and sand

• Great opportunity for an Owner/User or investor

• Restaurant operation approved with potential for creative office

• High barriers to entry market with low vacancy

• High affluent population

• Ocean views from second floor

• In the heart of a major destination hub for tourists and locals.

• Excellent lot coverage at a price that’s below replacement cost

HERMOSA AVE

MANHATTAN AVE10

TH S

T

8TH

ST

MA

NH

ATTAN

AVENU

E

8TH STREET

THE STR

AN

D

HERMOSABEACH

HER

MO

SA AVEN

UE

HERMOSABEACH

PIER

10TH STREET

aerial • 5

AERIAL

local commercial • 6

LOCAL COMMERCIAL

16th S

T

16th S

T

16th C

T

15th S

T

15th C

T

14th S

T

14th C

T

13th S

T

11th S

T11

th S

T

11th P

L

11th C

T

10th S

T10

th S

T

10th C

T

9th S

T

9th C

T

8th S

T8th

ST

8th C

T

7th S

T

7th S

T

7th C

T

6th S

T

6th S

T

HERMOSACITY BEACH

BEACH DR BEACH DR

HERMOSA AVENUEHERMOSA AVENUE

PIER

PLA

ZA

HERMOSA BEACH PIER

MANHATTAN AVE

MANHATTAN AVE

MONTEREY BLVDMONTEREY BLVD

MONTEREY BLVD

PALM DR

BAY VIEW DR

LOMA DRSUNSET DR

SUNSET DR

CLARKSTADIUM

LOMA DR

LOMA DR

CYPRESS AVE

CYPRESS AVE

BARD STBARD ST

BARD ST

BAY VIEW DR

BAY VIEW DR

OAK

ST

PALM DR

PALM DR

VALLEY DRVALLEY DR

ARDMORE AVE

ARDMORE AVE

PIER

AVE

Hallmark

The Counter

Door to Door Valet CleanersBaker, Burton & LundyWash & Surf Laundry

The SourceThe Massage Spot

LavishMark of Excellence

Buona VitaBow Wow Boutique

Hook & PlowHermosa Lock & Key

MaximustLasers & Aesthetic MedicineMimosa

Thai TopRevive Thai SpaPier Ave. Fitness

Gum Tree KidsTurquoise

U.S. Post O�ceMiss Bee’s Tutoring

Skin MedixAccudata

KinectaVera Deutsch, D.D.S.

Becker Sur�oards

Ericson’s Beach Real Estate

Beach TravelShanna Shryne Design

Java Man / WickedKickboxingC ‘est la Vie Boutique / Studio 7The Coastal Connection / Steak and Whiskey

Rok Sushi

Kitchen

Chase CitibankMediterraneo

Spyder Surf ShopTower 12

Café BonapartePalmilla Cocina Y Tequila

Jakes Beach BreakHooked

Pier Surf

Hermosa Playa

Stars Antique Market

Bikram Yoga

SC Escrow Services, Inc.

Hermosa Chiropractic & Live NutritionThe Bike ShopState Farm Insurance Crème de la Crepe CafeRockefellerMartin Equities

Marlin Equity

Fritto MistoMarx Pier Ave.Chef Wang’sUncorked

Abe’s Liquor

Gum Tree

Deep Pocket Jean CompanyDetails / NW Real Estate BrokersAmaloa / The Plank SpaceLuna

New Orleans CajunMaison Luxe

SubwayCurious / Sol Baby

Hair Mechanics / Rose Cleaners / AR Salon / Local 90 / Paciugo GelatoAmigo Tacos / Nu Shuz /Elegant Nails & Spa / Pita Pit / Yard / BKB ApparelSalvatore’s / Blue Rose Boutique / Sugar Rays / Paisanos Pizza & Pasta Zane’s / Michelle's / Yak & Yeti / The Poke Bar / The Comedy & Magic Club

Beach Cities Yoga Mickey McColgan’s / / Eighten

Barnacles

Bank of America / Boardwalk Burgers & FriesRoberts LiquorAmerican JunkieBaja SharkeezPatrick Molloy’sTreasure ChestGreenbeltProject TacoLighthouse Café

Waterman’s SafehouseSilvio’sHennessey’s Tavern

City nnnall

Fire Department

PublicLibrary

Number Nine / Pedones Pizza / LaserAway / Paradise BowlsStanding Room / Decadence / Big Mikes / Bionic Body / Laurel Tavern Levy Art Studio / Soho Yoga / Dermstore / Dia de Campo

ScottSeymourJewelers

THE STRAND

PACIFIC COAST HIGHWAY

Starbucks FrostedCupcakes

BeachMarket

`

SITE

POPULATION: 19,894

MEDIAN AGE: 38.8

MEDIAN HH INCOME: $128,435

MEDIAN PROPERTY VALUE: +$1.0M

BACHELOR’S DEGREE +: 73.5%

hermosa beach market overview • 7

HERMOSA BEACH MARKET OVERVIEW

CITY DEMOGRAPHICSHermosa Beach is a beachfront city in Los Angeles County,

California, United States. Its population was 19,506. The

city is located in the South Bay region of the greater Los

Angeles area and is one of the three Beach Cities. Hermosa

Beach is bordered by the other two, Manhattan Beach to

the north and Redondo Beach to the south and east. The

city’s beach is popular for sunbathing, beach volleyball,

surfing, paddle boarding and bars. The city itself extends

only about 15 blocks from east to west and 40 blocks from

north to south, with the Pacific Coast Highway running

down the middle. Situated on the Pacific Ocean. A paved

path, called The Strand, runs along Hermosa’s beach from

Torrance Beach in the south approximately twenty miles

north to Santa Monica. The Hermosa Beach pier is at the

end of Pier Avenue, which is one of the beach community’s

main shopping, eating and partying areas. Hermosa Beach

is one of the most affluent beach cities in the region and

has a growing population of professionals and families.

MICHAEL GRANNIS Lic. 01393628 Phone: 310-379-2228 ex 2 mike@highlandpartnerscorp.com

MARYL (HAIRE) BINNEY Lic. 01357931 Phone: 310-379-2228 ex 4 maryl@highlandpartnerscorp.com

880 Apollo Street, Suite 331 El Segundo, CA 90245

EXCLUSIVELY MARKETED BY: