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Turnkey 5-unit beachside investment opportunity just 2 blocks from the sand and 2 blocks to Hermosa's iconic Pier Avenue. Fully renovated in 2025 with new roofs, plumbing, electrical, windows, doors, interiors, and appliances. The property features five 1-bed/1-bath units across two buildings, with parking for up to 7 cars. Four units are leased at pro forma rents ranging from $3,550 to $3,950, and one unit is vacant for easy showing. Great cash flow of $18,950/month (when 5th unit is leased) with low operating expenses. Projected 4.34% CAP rate in a high-demand rental market. A+ location, A+ condition, A+ tenants: ideal for investors seeking immediate cash-flow with no heavy lifting and long-term coastal appreciation.
Property Type(s):
Residential Income
| Last Updated | 9/3/2025 | Year Built | 1941 |
|---|---|---|---|
| Community | 148 - Hermosa Bch Sand | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Water Heater |
| AREA | 148 - Hermosa Bch Sand |
| GARAGE | Yes |
| HEAT | Electric, Wall Furnace |
| INTERIOR | Ceiling Fan(s), Recessed Lighting |
| LOT | 4992 sq ft |
| LOT DESCRIPTION | Landscaped |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | Split/Multi Level |
| STYLE | Contemporary |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
Location
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Listed with Vista Sotheby’s International Realty
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