35 17th St - Apartments FOR SALE


Hermosa Beach, CA 90254
$4,500,000 USD
213-220-9800
35 17th St, Hermosa Beach, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/10
null | 4.3% Cap Rate

35 17th St
Hermosa Beach, CA 90254


HIGHLIGHTS

  • Amazing Location!!! The Subject Is Situated On A Double Lot On A Walk Street Just 200 feet from the Sand!

OVERVIEW

PROPERTY DESCRIPTION Introducing a rare investment opportunity in the highly desirable Hermosa Beach area. This charming property is located on a walk street, boasting a 5,040 SF low-rise building, features 8 - Two Bedroom One Bath units and 8 Garages, offering a lucrative investment potential in a sought-after coastal location. Built in 1922, this historic gem is zoned R-2B and presents a unique chance for multifamily investors to maximize rental income. The property's prime location in Hermosa Beach provides easy access to the area's amenities and attractions. With its classic architecture and ideal unit count, this opportunity is perfect for those looking to capitalize on the allure of the Hermosa Beach community in a low-rise setting.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$563 USD /SF

# OF UNITS

8

PRICE/UNIT

$562,500

CAP RATE

4.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,188 SF

ZONING

HBR2B*

APN/PARCEL ID

4183-007-029

ASK ABOUT THIS PROPERTY

Mark KonopaskeLee & Associates - ISGMore Info
213-220-9800

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Mark KonopaskeLee & Associates - ISGMore Info
213-220-9800

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