718 5th St - Apartments FOR SALE


Hermosa Beach, CA 90254
$9,600,000 USD
310-259-7556
718 5th St, Hermosa Beach, CA for Sale
$9,600,000 USD
Apartments - FOR SALE
1/23
null | 3.29% Cap Rate

718 5th St
Hermosa Beach, CA 90254


HIGHLIGHTS

  • Three side-by-side fourplexes - each on its own legal lot.
  • Each building offers 4 spacious 2-Bed/2-Bath units with over 1,200 sq.ft per unit
  • Each unit features its own in-unit washer/dryer.
  • 18 individual parking spaces + (3) 2-Car garages
  • Walkable to the Hermosa Pier, Greenbelt, and King Harbor Marina.

OVERVIEW

Twelve Units. Three Parcels. One Unmatched Beachfront Investment. Introducing the 5th Street Collection—a once-in-a-lifetime opportunity to own three contiguous 4-unit apartment buildings in the heart of Hermosa Beach, just steps from the Pacific Ocean. Perched on an elevated parcel with sweeping ocean breezes and walkable access to Pier Avenue, this portfolio defines Southern California coastal living and investing at its finest. Originally built in 1987 and held by the original developer, each building offers four spacious 2-bedroom, 2-bathroom units with over 1,200 square feet per unit—ideal for premium long-term tenants. Each unit features its own in-unit washer and dryer, enhancing convenience and appeal for residents. With 12,987 square feet of land and nearly 15,000 square feet of rentable space, this collection benefits from below-market pricing on a per-square-foot basis and qualifies for residential financing. Each parcel holds its own APN, allowing buyers to purchase individually or together for scale. Whether you're a legacy investor or a strategic 1031 exchange buyer, these income-producing assets offer a rare blend of stability, value-add potential, and unbeatable location

FOR SALE DETAILS

PRICE

$9,600,000 USD

PRICE/SF

$652 USD /SF

# OF UNITS

12

PRICE/UNIT

$800,000

CAP RATE

3.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

718 & 724 5th St, Hermosa Beach

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,987 SF

ZONING

HBC3YY

APN/PARCEL ID

4188-031-062

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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