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This property boasts an outstanding trophy location just 100 yards from the beach, steps from Noble Park, and two blocks from Pier Avenue and its popular restaurants and bars. Additionally, Hermosa Beach House is located adjacent to the 30-room H20 Hotel development, and the median household income within one-mile exceeds $110,000.
Hermosa Beach House consists of one two-story building that contains one two-bedroom and 15 one-bedroom units that are mastermetered for all utilities. The building also features a pool, garage parking, and on-site laundry.
With substantial potential upside in rents and an excellent location in an affluent coastal city, Hermosa Beach House presents an outstanding value-add opportunity.
Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.
Property Type: Multi Family Home
Sub Type: Multi Family Home
Listing Status: Active
Zip Code: 90254
Year Built: 1959
Units: 16 units
# of Parking Spaces: 16.00
Lot Size: 8573 sq ft
Pool or Spa: Private,Fenced,In Ground, Yes
Area: 148 - Hermosa Bch Sand
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Total: 7903.00
Building Area Units: Square Feet
Community Features: Urban
Directions: Near the intersection of Hermosa Avenue and 15th Street
Garage Spaces: 16.00
Laundry Features: Community
Laundry YN: Yes
Listing Agent License: 01332755
Listing Office License: 01332755
Lot Features: Lot Shape-Rectangular
Lot Size Area: 8572.0000
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Buildings: 1
Sewer: Public Sewer
Water Source: Public
Year Built Source: Assessor
Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac
Based on information from California Regional Multiple Listing Service, Inc. as of 2019-03-22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.