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Key Details
Sold Price $4,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,234 sqft
Price per Sqft $764
MLS Listing ID 23254503
Bedrooms 10
Year Built 1985
Lot Size 4,787 Sqft
Property Description
Excellent value-add potential for this Hermosa Beach 5-unit trophy property well located moments to the beach! Built in 1985, this two-story 5,234 square foot building features all 2-bedroom 2-bathroom large scale units and a common area rooftop sundeck with ocean views. There is parking on site for 10 cars (2 per unit) as well as on site laundry. With the ideal location in a high-growth city, stable revenues, full occupancy and strong rental upside, this is a great opportunity to improve a premium asset for any Beach Cities investor. Tenants enjoy close proximity to the sand, Pier, hiking trails, dining, shopping and entertainment. Trust sale.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBR3YY
Interior
Heating Wall Furnace
Laundry Common Area, Laundry Room
Exterior
View Y/N Yes
View Coastline, Ocean
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
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Bought with Alireza Saz • Saz Realty