724 Hermosa Ave - Apartments FOR SALE


Hermosa Beach, CA 90254
$2,495,000 USD
310-386-1723
724 Hermosa Ave, Hermosa Beach, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/46
null | 4.34% Cap Rate

724 Hermosa Ave
Hermosa Beach, CA 90254


HIGHLIGHTS

  • Highly Walkable Beach Lifestyle
  • Walk to the Pier and Downtown
  • Classic Beach Cottage Character

OVERVIEW

718 Hermosa Avenue offers a classic Hermosa Beach investment opportunity just steps from the sand and a short walk to downtown Hermosa and the Pier. The property consists of three units: a 2br/1ba unit and two studio units. A legal duplex configured as a triplex, 718 Hermosa provides flexible ownership and income possibilities. BOTH STUDIO UNITS WILL BE DELIVERED VACANT, creating an immediate opportunity for an investor, developer, or an owner-user beach retreat with rental income. The property retains its vintage California beach cottage character. Located just moments from the beach and within easy reach of Hermosa’s restaurants, shops, and vibrant pier area, 718 Hermosa Ave presents a rare chance to acquire a versatile coastal property with both current income and long-term potential in one of the South Bay’s most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$1,265 USD /SF

# OF UNITS

3

PRICE/UNIT

$831,667

CAP RATE

4.34%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,006 SF

ZONING

HBR3YY

APN/PARCEL ID

4187-021-040

ASK ABOUT THIS PROPERTY

Andrew WilkeyTriWest DevelopmentMore Info
310-386-1723

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Andrew WilkeyTriWest DevelopmentMore Info
310-386-1723

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