Incredible investment opportunity 7-Unit building w Ocean Views 9 blocks or .7 miles to world-famous beaches and a short walk to Downtown Hermosa for dining, entertainment, shopping more. Built in 1964, 2 buildings totaling 4899 sq. ft on a 6742 SF lot. Dimensions ~ 40′ X 168′ This Property features a 2 buildings with Five 1 bedroom 1 bath units, and Two 2 bedroom 1-bath unit. 5 units have some Ocean views. The property also includes 7 garages with storage and an on-site laundry room. The building offers strong rental upside potential in a high demand area. The building has been well kept and most tenant are long term. Given the location in a high rental demand, consistent income this building provides, this is a great opportunity to own a quality income producing asset in wonderful Hermosa Beach for any real estate investor. (not to mention possible future condo site* -buyers please confirm w city) There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property. Any Questions please contact listing brokers. Please email offers with proof of funds and a pre-approval from the direct lender if financing needed. Sold “As-Is” & “Where-Is”. Seller’s choice of all services.
- Heating System
- View:
- Pier
- Parking:
- 4.00
- New Construction YN:
- 0
- Utilities:
- Phone Available, Underground Utilities, Water Connected, Natural Gas Available
- Laundry:
- Upper Level, Gas & Electric Dryer Hookup
- Sewer:
- Conventional Septic
- Common Walls:
- 2+ Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- SPONSCHR
- Water Source:
- Public
- Inclusions
- Lot Features:
- 0-1 Unit/acre
- Community Features:
- Sidewalks, Street Lights, Curbs, Biking, Storm Drains, Urban
- Stories:
- 2
- Association:
- 0
- Street:
- 1st
- Street Number:
- 950
- Floor Number:
- 0
- Longitude:
- W119° 36' 42.7''
- Latitude:
- N33° 51' 21.1''
- Listing Courtesy of:
- The Real Estate Store
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 7
- Lot Size Square Feet:
- 6,742 Sqft
- List Agent Last Name:
- Ponsonby
- List Agent License Number:
- 01074447
- Special Listing Conditions:
- Trust
- List Office ID:
- S5642
- List Agent First Name:
- Christopher
- Directions:
- On 1st Street 2 Blocks East of PCH, 1 block North of 190th / Herondo
- Exclusions
- MLSAreaMajor:
- 150 - Hermosa Bch East
- Levels:
- Two
- Parcel Number:
- 4166031013
- List Agent License Number:
- 01056098
- TaxAnnualAmount:
- $0
- TaxYear:
- 4281
Residential Income Sold
950 1st, Hermosa Beach, California 90254
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- SB22149898
- List Price :
- $3,500,000
- Year Built :
- 1964
- Lot Area :
- 0.15 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Hermosa Beach
- Zipcode:
- 90254
- Close Price :
- $3,525,000
- Status :
- Closed
- Property Type :
- Apartment
- Price Per Square Foot :
- $720
- Days on Market :
- 17
