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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
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
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
Interior Features Multiple Staircases
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area,Electric Dryer Hookup,Gas Dryer Hookup,Inside
Exterior
Parking Features Attached Carport,Storage
Garage Spaces 4.0
Carport Spaces 3
Garage Description 4.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected
Waterfront Description Beach Access
View Y/N Yes
View Ocean
Total Parking Spaces 7
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 4182004008
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