542 Hermosa Ave - Multi-Family FOR SALE


Hermosa Beach, CA 90254
$3,200,000 USD
213-220-9800
542 Hermosa Ave, Hermosa Beach, CA for Sale
$3,200,000 USD
Multi-Family - FOR SALE
1/13
null | 5.17% Cap Rate

542 Hermosa Ave
Hermosa Beach, CA 90254


HIGHLIGHTS

  • Outstanding Rental Location - Just a block from the Beach!!!
  • 100% Vacant - Ready for Renovation!!!
  • Excellent Investment Opportunity!!!
  • Landlord Friendly City!!!

OVERVIEW

Outstanding Location, that said, all Buyer's to investigate and confirm their satisfaction, the Subject Property's Unit Mix, Square Footage and Number of Stories (2 or 3). Listing Broker has not been able to definitively determine the Subject Property's current actual Unit Mix. The Subject Property appears to have Two units on the "Ground Floor" a Two Bedroom/One apt & a One Bedroom/One Bath apt. The 2nd Floor is configured into 4 Studio apts, two of which have balconies and peek-a-boo ocean views looking down the 6th Street Walk Street. There are two 2 Bedroom 1 Bath apts on the level below the "Ground Floor" that can be accessed from the Subject's backyard. Each of these units have two bedrooms, one bathroom, and a kitchen. Additionally, There are only five electric meters that appear to have been installed sometime mid-century during the 1950-1960's. Lastly, the LA County Tax Sheet lists the Subject as 8 Units with 3 Bedrooms and 6 Bathrooms which would result in the following Unit Mix - 1 - 2 Bedroom/One Bath, 1 - 1 Bedroom/One Bath and 6 Studios with One Bath.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$988 USD /SF

# OF UNITS

8

PRICE/UNIT

$400,000

CAP RATE

5.17%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,989 SF

ZONING

HBR3

APN/PARCEL ID

4188-011-012

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.