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    Property Description

    This is your opportunity to own a 6 unit trophy income property with a great unit mix, ocean views, and an unbeatable location in the heart of Hermosa Beach, steps to the pier and Pier Plaza, The Strand, and all of the shops and restaurants downtown Hermosa Beach has to offer! This primely located 6 unit building has an extremely favorable unit mix consisting of one 3 Bedroom/2 bathroom unit, one 2 bedroom/2 bathroom unit, two 2 bedroom/1 bathroom units, and two 1 bedroom/1 bathroom units. All units are in good condition, and come with great balconies where tenants can enjoy outdoor living, picture perfect ocean views, people watching, and the great beachside weather. In addition, there is a huge rooftop, complete with stair access, that comes with amazing unobstructed panoramic ocean views, which could perhaps be utilized as a great common area outdoor space for the tenants. (check with the City) There are also four 1-car garages, and one two-car garage on the property, and all of them are fully enclosed with automatic roll up doors making them perfect for parking or storage. The 4,949 square foot building sits on a large 4,018 square foot lot that is 40′ x 100′, and runs from Hermosa Avenue all the way to Palm Drive. With its unbeatable location, and great features, this building’s apartments are always in very high demand, and rent at a premium. This building is great as it is, but it has a tremendous amount of upside in both rent increases in its current state, as well as with building improvements/value add projects. You can really maximize this building’s cash flow, as well as its equity position and market value. Properties like these don’t come around very often, so don’t miss out. This is your chance to own a trophy investment property, with a ton of upside, a great unit mix, an unbeatable location, and spectacular ocean views!

    Features
    0
    : 2+ Common Walls
    0
    SLIMAMAR
    : Rectangular Lot, Walkstreet
    : Sidewalks, Street Lights
    1
    1
    Address Map
    Hermosa
    1434
    Avenue
    0
    W119° 35' 58.8''
    N33° 51' 47.4''
    MLS Addon
    Lima Real Estate Group
    $0
    6
    4,018 Sqft
    Lima
    01845513
    : Probate Listing
    H08457
    Mark
    Hermosa Avenue and 15th Street
    Click Here
    148 - Hermosa Bch Sand
    One
    4183013053
    01865836
    $0
    0

    Residential Income For Sale

    1434 Hermosa Avenue, Hermosa Beach, California 90254

    0.09 Sqft
    $5,700,000
    Listing ID #OC25232552
    Basic Details
    Property Type : Residential Income
    Listing Type : For Sale
    Listing ID : OC25232552
    List Price : $5,700,000
    Year Built : 1972
    Lot Area : 0.09 Sqft
    Country : US
    State : CA
    County : Los Angeles
    City : Hermosa Beach
    Zipcode : 90254
    Status : Active under contract
    Property Type : Commercial/residential
    Price Per Square Foot : $1,152
    Days on Market : 42
    Agent info
    Contact Agent
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