Property Description
32 16th Street is a well-positioned 7-Unit building located on a walk street in prime Hermosa Beach only 3 parcels from the Strand. Built in 1923, the 3,786 SF building sits on a 3,531 SF lot, and features (6) 1-bed/1-bath units, and (1) 0-bed/1-bath unit. The building offers strong rental upside in a high demand area with a market cap of 4.30%. The property also includes on-site laundry and 3 single-car garages with a courtyard in between the buildings.
Given the ideal location in a high-growth city and consistent income this building provides, this is a great opportunity to own a quality asset for any Los Angeles CRE investor.
Features
- Parking:
- 2.00
- New Construction YN:
- 0
- Laundry:
- Upper Level
- Sewer:
- Conventional Septic
- Common Walls:
- 1 Common Wall
- Senior Community:
- 0
- List Agent Agent ID:
- PWSTAWOO
- Water Source:
- Public
- Lot Features:
- Walkstreet
- Community Features:
- Biking
Address Map
- Street:
- 16
- Street Number:
- 32
- Street Suffix:
- Street
- Floor Number:
- 0
- Longitude:
- W119° 35' 52.9''
- Latitude:
- N33° 51' 53''
MLS Addon
- Listing Courtesy of:
- Lyon Stahl Investment Real Estate, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 3
- Zoning:
- HBR2B2
- Lot Size Square Feet:
- 3,531 Sqft
- List Agent Last Name:
- Stahl
- List Agent License Number:
- 01399621
- Special Listing Conditions:
- Standard
- List Office ID:
- sb1310620
- List Agent First Name:
- J.Woody
- Directions:
- 3 Parcels from the Strand
- MLSAreaMajor:
- 148 - Hermosa Bch Sand
- Parcel Number:
- 4183005028
- List Agent License Number:
- 01972083
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
- Tax Rate:
- 1.06
Residential Income Sold
32 16 Street, Hermosa Beach, California 90254
0.08 Sqft
$4,200,000
Listing ID #SB22135138
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- SB22135138
- List Price :
- $4,200,000
- Year Built :
- 1923
- Lot Area :
- 0.08 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Hermosa Beach
- Zipcode:
- 90254
- Close Price :
- $4,200,000
- Status :
- Closed
- Property Type :
- Single Family Residence
- Price Per Square Foot :
- $1,109
- Days on Market :
- 10
