Discover this exceptional triplex property in the heart of Hermosa Beach, California, perfectly positioned just a few blocks from The Strand and the shimmering Pacific Ocean, embodying the essence of coastal luxury living. As a prime investment opportunity, this versatile asset offers strong potential for owner-occupancy, allowing you to reside… Read More in one unit while generating income from the others. With outstanding potential for Accessory Dwelling Units (ADUs), buyers can explore adding extra rentals to significantly boost revenue though verification of feasibility is advised. Benefiting from favorable rent regulations, the property is exempt from Los Angeles City rent control and falls under AB 1482, enabling attractive annual rent increases to maximize returns. Its eligibility for standard residential financing makes it accessible to a broad spectrum of buyers, simplifying acquisition. Currently delivering robust income with a 2.84% cap rate and 21.66 GRM, it promises even greater upside through pro-forma projections of a 3.71% cap rate. The location's exceptional market appeal shines with proximity to King Harbor, Hermosa Beach Pier, Redondo Beach Pier, and vibrant Pier Avenue, providing endless beachside dining, shopping, and recreational options. Inside, enjoy modern amenities like a fully renovated studio unit and Unit C's private deck for enhanced comfort. Practical features include a spacious 2-car garage for secure parking and on-site laundry facilities that generate an additional $200 per month in passive income. This triplex combines immediate cash flow, growth potential, and an unbeatable seaside lifestyle - don't miss out on this Hermosa Beach gem. Read Less
Property listed by Shield CRE, Inc., Gianluca Jacoli 310-593-9869
Listing Snapshot
Days Online
0
Last Updated
Beds
2
Square Ft.
1,145
Lot Size
0.06 Acres
Year Built
1918
MLS Number
26647449
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1918, Living area: 1145.0, 1 building, 2 stories, Levels: Two
Garage
2 spaces
Income
Gross Income: $83,160, Net Operating Income: $49,656
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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