UPDATED:
01/22/2025 10:00 AM
Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 3,646 sqft
Price per Sqft $1,913
MLS Listing ID SB25008552
Style All Other Attached
Bedrooms 7
Full Baths 6
Construction Status Turnkey,Updated/Remodeled
HOA Y/N No
Year Built 1959
Lot Size 3,296 Sqft
Acres 0.0757
Property Description
Rarely does one of the crown jewels of Hermosa Beach multifamily become available with $357,348 in pro forma annual gross income and $248,498 in pro forma net income (3.56% cap rate). Just one home off the Hermosa Beach Strand, this high-end luxury 5-unit trophy asset 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. The building features 7 parking spots, 4 of which are garage parking. This high-end luxury building offers a turnkey investment opportunity in one of the most exclusive neighborhoods within the South Bay. Current rent roll reflects $26,225 per month with pro forma income for Unit E.
Location
State CA
County Los Angeles
Area Hermosa Beach (90254)
Zoning HBC1*
Interior
Interior Features 2 Staircases
Cooling Central Forced Air
Laundry Inside
Exterior
Garage Spaces 7.0
Utilities Available Sewer Connected
View Ocean
Total Parking Spaces 10
Building
Lot Description Sidewalks
Story 2
Lot Size Range 1-3999 SF
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories 2 Story
Construction Status Turnkey,Updated/Remodeled
Others
Monthly Total Fees $301
Acceptable Financing Cash, Conventional, Land Contract, Cash To Existing Loan, Cash To New Loan
Listing Terms Cash, Conventional, Land Contract, Cash To Existing Loan, Cash To New Loan
Special Listing Condition Standard
