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Listed by William Joseph • Joseph Group
$6,975,000
Est. payment /mo
3,646 SqFt
UPDATED:
01/11/2025 12:44 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,646 sqft
Price per Sqft $1,913
MLS Listing ID CRSB24252047
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1959
Lot Size 3,296 Sqft
Property Description
Rarely does one of the crown jewels of Hermosa Beach multifamily become available with $355,020 in pro forma annual gross income and $246,263 in pro forma net income (3.53% 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. Current actual income includes pro forma for units D and E.
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Gas Dryer Hookup, Other, Inside
Exterior
View Ocean
Building
Water Public
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