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$5,999,000
Est. payment /mo
3,296 Sqft Lot
UPDATED:
02/09/2025 07:56 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24252047
Style Contemporary
Originating Board California Regional MLS
Year Built 1959
Lot Size 3,296 Sqft
Property Description
JUST REDUCED by $976,0000 this Class A 5-unit apartment building sits one off Hermosa Beach Strand. With $357,348 in pro forma annual gross income and $258,921 in pro forma net income (4.3% cap rate). This is high-end trophy asset has 7 parking spots and 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. This high-end luxury building offers a turnkey investment opportunity in one of the most exclusive neighborhoods within the South Bay.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Gas Hookup, Laundry Area, Other, 38
Exterior
Parking Features Storage - RV, Carport
Garage Spaces 7.0
Pool 31, None
View Ocean
Building
Water District - Public
Architectural Style Contemporary
Others
Tax ID 4182004008
Special Listing Condition Not Applicable
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Listed by William Joseph • Joseph Group