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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
    Pool:
    No
    Heating System:
    Wall Furnace
    Parking:
    8.00
    New Construction YN:
    0
    Laundry:
    Washer Included
    Sewer:
    Public Sewer
    Common Walls:
    2+ Common Walls
    Senior Community:
    0
    List Agent Agent ID:
    SLIMAMAR
    Water Source:
    Public
    Lot Features:
    Rectangular Lot, Walkstreet
    Community Features:
    Sidewalks, Street Lights
    Stories:
    1
    Entry Level:
    1
    Entry Location:
    Yes
    Address Map
    Street:
    Hermosa
    Street Number:
    1434
    Street Suffix:
    Avenue
    Floor Number:
    0
    Longitude:
    W119° 35' 58.8''
    Latitude:
    N33° 51' 47.4''
    MLS Addon
    Listing Courtesy of:
    Lima Real Estate Group
    TaxAnnualAmount:
    $0
    Garage Spaces:
    6
    Lot Size Square Feet:
    4,018 Sqft
    List Agent Last Name:
    Lima
    List Agent License Number:
    01845513
    Special Listing Conditions:
    Probate Listing
    List Office ID:
    H08457
    List Agent First Name:
    Mark
    Directions:
    Hermosa Avenue and 15th Street
    Virtual Tour URL Unbranded:
    Click Here
    MLSAreaMajor:
    148 - Hermosa Bch Sand
    Levels:
    One
    Parcel Number:
    4183013053
    List Agent License Number:
    01865836
    TaxAnnualAmount:
    $0
    TaxYear:
    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 :
    Sold
    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
    Close Price :
    $5,400,000
    Status :
    Closed
    Property Type :
    Commercial/residential
    Price Per Square Foot :
    $1,091
    Days on Market :
    33
    Agent info
    Contact Agent
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