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Listed by William Joseph • Joseph Group
$ 7,400,000
Est. payment | /mo
3,646 SqFt
$ 7,400,000
Est. payment | /mo
3,646 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,646 sqft
Price per Sqft $2,029
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 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
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Gas Dryer Hookup, Other, Inside
Exterior
View Ocean
Building
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767