NOT LISTED FOR SALE

81 Pier Ave Hermosa Beach, CA 90254

Estimated Value: $12,951,584

Studio
-- Bath
3,972 Sq Ft
$3,261/Sq Ft Est. Value

About This Home

Rare, Rare, Rare opportunity to own a Hermosa Beach Landmark Property. In the early 1900's, this location was home to The First Bank of Hermosa Beach and has seen major renovation over the years. Now, the current Citibank building is an amazing trophy property that is the first building to welcome you to the Hermosa Beach Pier Plaza. Pier Plaza is a pedestrian-friendly destination with retail shops, beach boutiques, chic stores, fine dining, casual eateries, cocktail bars and of the course the world famous Hermosa Beach Pier. It has been said that the Citibank building is the most recognizable property in Hermosa Beach with it's historical significance, timeless architecture, 124' of Hermosa Ave frontage, 74' of Pier Ave frontage, direct path crosswalks leading to it's doors and an estimated 25,000 cars passing by each day. This property is one of a kind and will not last. Don't miss your chance to own a piece of Hermosa Beach.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2017
Sold by
Schwab Robert H
Bought by
Morningside Mb Llc and Pier Property Llc
Current Estimated Value
$12,951,584

Purchase Details

Closed on
Oct 16, 2014
Sold by
Cp Sunshine Llc
Bought by
Ahm Properties Llc and Robert & Louise Schwab Family Trust

Purchase Details

Closed on
Jan 31, 2014
Sold by
Citibank Na
Bought by
Cp Sunshine Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,883,516
Interest Rate
4.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2002
Sold by
Citibank Fsb
Bought by
Citibank West Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Morningside Mb Llc $9,450,000 None Available
Ahm Properties Llc -- First American Title Ins Co
Cp Sunshine Llc $5,188,051 None Available
Citibank West Fsb -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cp Sunshine Llc $147,883,516
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2025 01/27/25 For Sale $14,250,000 -- $3,645 / Sq Ft

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $114,838 $10,967,530 $9,357,802 $1,609,728
2024 $114,838 $10,752,481 $9,174,316 $1,578,165
2023 $112,433 $10,541,649 $8,994,428 $1,547,221
2022 $110,427 $10,334,951 $8,818,067 $1,516,884
2021 $108,366 $10,132,306 $8,645,164 $1,487,142
2019 $105,424 $9,831,779 $8,388,745 $1,443,034
2018 $101,979 $9,639,000 $8,224,260 $1,414,740
2016 $84,513 $7,868,187 $6,548,362 $1,319,825
2015 $83,745 $7,750,000 $6,450,000 $1,300,000
2014 -- $1,299,627 $945,186 $354,441
Source: Public Records

Agents Affiliated with this Home

  • Brett Zebrowski

    Seller's Agent in 2025

    Brett Zebrowski

    eXp Realty of California Inc

    (310) 678-7158

    13 in this area

    59 Total Sales

    Brett Zebrowski
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Map

California Los Angeles County Hermosa Beach 90254

81 Pier Ave, Hermosa Beach, CA

Not Listed for Sale

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