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5 UNIT SAND SECTION APARTMENT BUILDING - 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.
Property Type(s):
Single Family
| Last Updated | 1/18/2025 | Year Built | 1959 |
|---|---|---|---|
| Community | Hermosa Bch Sand | Garage Spaces | 7.0 |
| County | Los Angeles |
SCHOOLS
| School District | Hermosa |
|---|
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Hermosa Bch Sand |
| GARAGE | Attached Carport, Storage, Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | Multiple Staircases |
| LOT | 3296 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| PARKING | Attached Carport,Storage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Contemporary |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Beach Access |
| ZONING | HBC1* |
Location
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Listed with Joseph Group
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