1702 Hermosa Ave - Apartments FOR SALE
Hermosa Beach, CA 90254 |
$9,995,000 USD
714-337-8405
1702 Hermosa Ave
Hermosa Beach, CA 90254
HIGHLIGHTS
- Rare Oceanview Income Property on Hermosa Avenue
- 6 Two Bedroom & 4 One Bedroom Units
- Complete Rehab & Renovation of Exterior & Interior in 2023, 2024 & 2025
- New: Roof, Plumbing, Sub-Panels, Water Heaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More
- Priced well below Hermosa Beach condominium & single-family homes located in a high-barrier to entry market with exceptional tenant demand
- Ocean views and minutes to sand, surf & Pier Avenue’s renowned dining and retail
FOR SALE DETAILS
PRICE
$9,995,000 USD
PRICE/SF
$1,811 USD /SF
# OF UNITS
10
PRICE/UNIT
$999,500
CAP RATE
2.31%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1953
PARKING SPACES
11
LAND DETAILS
LAND ACRES
0.11 AC
LAND SF
4,879 SF
ZONING
R3, Hermosa Beach
APN/PARCEL ID
4183-010-011
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714-337-8405
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714-337-8405
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