Beverly Hills Developer Bolour Associates Sells 1-Acre Beachfront Property in Hermosa Beach for Record-Breaking $33.5 Million
The biggest mixed-use property deal in Hermosa Beach this year was the $33.5 million sale of a 1-acre beachfront retail and short-term rental portfolio, after plans for a three-story hotel were abandoned.
Bolour Associates, a well-known Beverly Hills-based real estate development and investment firm, has sold their 1-acre beachfront property in Hermosa Beach for a record-breaking price of $33.5 million. According to Los Angeles County tax assessor records through June 23, this is the largest mixed-use property deal in Hermosa Beach so far this year.
The site, located at the corner of Pier Avenue and The Strand, is directly across from Hermosa Beach Pier and includes both retail space and short-term rentals. The property was sold to Hermosa Pier and Strand, a limited liability company tied to food manufacturer Harold [...].
Despite previous plans to develop a three-story hotel on the site, Bolour Associates ultimately decided to sell the property. This decision has raised some eyebrows in the industry, as the developer is known for their successful projects and investments.
According to property records, the buyer, Hermosa Pier and Strand, is a limited liability company tied to a food manufacturer. This unexpected buyer has sparked speculation and rumors in the real estate community.
https://therealdeal.com/la/2025/09/02/heres-hermosa-beachs-priciest-mixed-use-sale-of-2025/