2121 Pacific Coast Hwy - Apartments FOR SALE


Hermosa Beach, CA 90254
$3,295,000 USD
310-292-0332
2121 Pacific Coast Hwy, Hermosa Beach, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/17
null | 3.08% Cap Rate

2121 Pacific Coast Hwy
Hermosa Beach, CA 90254


HIGHLIGHTS

  • One bedroom and two bedroom mix
  • Proximity to Hermosa Beach
  • Well-maintained structure

OVERVIEW

Positioned in the heart of Hermosa Beach, this exceptional six-unit apartment building offers a rare opportunity to own income-producing property in one of Southern California’s most coveted coastal communities. Located on Pacific Coast Highway at 21st Street, the property is just a short walk to the beach, Hermosa Pier, and an eclectic mix of restaurants, cafés, and boutique shops. This prime location ensures consistent tenant demand and long-term stability. The building features a desirable unit mix with two spacious two-bedroom units and four well-appointed one-bedroom units, each benefiting from abundant natural light and ocean views. With a gross scheduled income of $171,480 and a net operating income of $101,480, investors can enjoy immediate cash flow with strong upside potential. The property is well-maintained, easy to manage, and free from rent control restrictions, making it an ideal addition to any portfolio. Hermosa Beach is renowned for its vibrant lifestyle, excellent schools, and proximity to major employment hubs in the South Bay and Greater Los Angeles. Convenient access to Pacific Coast Highway, nearby freeways, and LAX ensures connectivity for tenants and future buyers alike. This offering combines location, stability, and growth potential—an investment that stands out in today’s market.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$779 USD /SF

# OF UNITS

6

PRICE/UNIT

$549,167

CAP RATE

3.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

HBC-1*

APN/PARCEL ID

4184-021-020

ASK ABOUT THIS PROPERTY

Gary ElminoufiBeach City BrokersMore Info
310-292-0332

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Gary ElminoufiBeach City BrokersMore Info
310-292-0332

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.