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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 Sub-Type Apartment
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
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
Lease Land No