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Hermosa Beach,CA 90254
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24252047
Year Built 1959
Lot Size 3,297 Sqft
Property Description
Rarely does one of the crown jewels of Hermosa Beach multifamily become available with pro forma of over $360,000 in annual gross income and $247,752 in pro forma net income (3.35% 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. Currently, the 2-bed/1-bath unit and one 1-bed/1-bath units are being left vacant for the next owner. Actual financials include pro forma for each vacant unit.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBC1*
Interior
Heating Central
Cooling Central Air
Laundry Common Area,Electric Dryer Hookup,Gas Dryer Hookup,Inside
Exterior
Parking Features Attached Carport,Storage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected
Waterfront Description Beach Access
View Y/N Yes
View Ocean
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract
Special Listing Condition Standard