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Hermosa Beach,CA 90254
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
Year Built 1959
Lot Size 3,296 Sqft
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.
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
Cooling Central Forced Air
Laundry Inside
Exterior
Garage Spaces 7.0
Utilities Available Sewer Connected
View Ocean
Building
Lot Description Sidewalks
Story 2
Sewer Public Sewer
Water Public
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