718 5th St - Apartments FOR SALE


Hermosa Beach, CA 90254
$9,300,000 USD
424-351-1060
718 5th St, Hermosa Beach, CA for Sale
$9,300,000 USD
Apartments - FOR SALE
1/21
null | 3.43% Cap Rate

718 5th St
Hermosa Beach, CA 90254


HIGHLIGHTS

  • Three contiguous buildings steps from Hermosa Beach.
  • Each unit offers two bedrooms, two bathrooms, and in-unit laundry.
  • Walkable to Pier Avenue’s retail and dining corridor.
  • The property includes eighteen individual parking spaces along with three enclosed two-car garages, offering ample and secure parking options.

OVERVIEW

The 5th Street Collection offers a rare opportunity to acquire three contiguous four-unit apartment buildings just steps from the Pacific Ocean in Hermosa Beach. Each building, constructed in 1987 and held by the original developer, features spacious two-bedroom, two-bathroom units with in-unit laundry and over 1,200 square feet per unit. The portfolio spans nearly 15,000 square feet of rentable space across 12,987 square feet of land, with each parcel carrying its own APN for flexible acquisition. Positioned on an elevated site with ocean breezes and walkable access to Pier Avenue, the property is ideal for long-term tenants and legacy investors. With below-market pricing and residential financing eligibility, this coastal asset combines stability, value-add potential, and unmatched location appeal.

FOR SALE DETAILS

PRICE

$9,300,000 USD

PRICE/SF

$632 USD /SF

# OF UNITS

12

PRICE/UNIT

$775,000

CAP RATE

3.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

718 & 724 5th St, Hermosa Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

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

4188-031-060,4188-031-061,4188-031-062

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
424-351-1060

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
424-351-1060

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