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)… Read More 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. Read Less
Property listed by Joseph Group, William Joseph 310-415-4655
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Lot Size
0.08 Acres
Year Built
1959
MLS Number
SB24252047
30 Days Snapshot Of 90254
$3,030k
-19%
(avg) sold price
3
-66%
homes sold
108
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1959, Building area total: 3,646, Levels: Two, 2 stories, 1 building, Architectural style: Contemporary, Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Cooling
CentralAir
Expenses
Gardener expense: $840, Insurance expense: $5,000, Licenses expense: $500, Maintenance expense: $8,086, New taxes expense: $78,533, Operating expense: $111,277, Trash expense: $2,315, Water sewer expense: $2,500, Other expense: $1,291
Garage
4 spaces
Heating
Central
Income
Gross income: $305,259, Net operating income: $193,982
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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