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$5,999,000
Est. payment /mo
6 Beds
5 Baths
3,296 Sqft Lot
UPDATED:
02/10/2025 12:17 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24252047
Bedrooms 6
HOA Y/N No
Lot Size 3,296 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
JUST REDUCED by $976,0000 this Class A 5-unit apartment building sits one off Hermosa Beach Strand. With $357,348 in pro forma annual gross income and $258,921 in pro forma net income (4.3% cap rate). This is high-end trophy asset has 7 parking spots and consists of: (1) 2-Bed/2-Bath unit with an OCEAN VIEW, (1) 2-Bed/1-Bath unit that has an amazing patio and OCEAN VIEW as well as (3) 1-Bed/1-Bath units. This high-end luxury building offers a turnkey investment opportunity in one of the most exclusive neighborhoods within the South Bay.
JUST REDUCED by $976,0000 this Class A 5-unit apartment building sits one off Hermosa Beach Strand. With $357,348 in pro forma annual gross income and $258,921 in pro forma net income (4.3% cap rate). This is high-end trophy asset has 7 parking spots and consists of: (1) 2-Bed/2-Bath unit with an OCEAN VIEW, (1) 2-Bed/1-Bath unit that has an amazing patio and OCEAN VIEW as well as (3) 1-Bed/1-Bath units. This high-end luxury building offers a turnkey investment opportunity in one of the most exclusive neighborhoods within the South Bay.
JUST REDUCED by $976,0000 this Class A 5-unit apartment building sits one off Hermosa Beach Strand. With $357,348 in pro forma annual gross income and $258,921 in pro forma net income (4.3% cap rate). This is high-end trophy asset has 7 parking spots and consists of: (1) 2-Bed/2-Bath unit with an OCEAN VIEW, (1) 2-Bed/1-Bath unit that has an amazing patio and OCEAN VIEW as well as (3) 1-Bed/1-Bath units. This high-end luxury building offers a turnkey investment opportunity in one of the most exclusive neighborhoods within the South Bay.
Location
State CA
County Los Angeles
Area Hermosa Beach (90254)
Zoning Public Rec
Interior
Cooling Central Forced Air
Building
Lot Description Sidewalks
Story 2
Lot Size Range 1-3999 SF
Level or Stories 2 Story
Others
Monthly Total Fees $301
Acceptable Financing Cash, Conventional, Land Contract
Space Rent $6,000
Listing Terms Cash, Conventional, Land Contract
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Listed by William Joseph • Joseph Group
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