TRIPLEX PROPERTY COMPRISED OF (1) 1-BEDROOM/1-BATHROOM UNIT, (1) STUDIO/1-BATHROOM UNITS & (1) 1-BEDROOM/1-BATHROOM PLUS DECK. Discover this exceptional triplex 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 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.
- Parking:
- 0.00
- New Construction YN:
- 0
- Laundry:
- No, Individual Room
- Parking:
- Garage - Two Door
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-C122805
- Stories:
- 2
- Association:
- 0
- Street:
- 2nd
- Street Number:
- 563
- Street Suffix:
- Street
- Zip4:
- 5237
- Floor Number:
- 0
- Longitude:
- W119° 36' 24.8''
- Latitude:
- N33° 51' 22.3''
- Listing Courtesy of:
- Shield CRE, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 2
- Zoning:
- HBR1YY
- Lot Size Square Feet:
- 2,477 Sqft
- List Agent Last Name:
- Jacoli
- List Agent License Number:
- 01938297
- Special Listing Conditions:
- Standard
- List Office ID:
- CLW-X82383
- List Agent First Name:
- Gianluca
- Directions:
- South of 3rd Street, West of Ardmore Avenue, East of Valley Drive, North of Herendo Street
- Lot Size Dimensions:
- 25x100
- MLSAreaMajor:
- 148 - Hermosa Bch Sand
- Levels:
- Two
- Parcel Number:
- 4188025003
- List Agent License Number:
- 02081496
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
563 2nd Street, Hermosa Beach, California 90254
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- 26647449
- List Price :
- $1,749,000
- Year Built :
- 1918
- Lot Area :
- 0.06 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Hermosa Beach
- Zipcode:
- 90254
- Close Price :
- $1,700,000
- Status :
- Closed
- Price Per Square Foot :
- $1,485
- Days on Market :
- 37
