OPEN HOUSE
Fri Apr 25, 12:00pm - 2:00pm
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25089694
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1941
Lot Size 4,991 Sqft
Property Sub-Type Apartment
Property Description
This beautifully renovated, move-in ready five-unit apartment complex is a rare gem for beach-loving investors seeking strong income potential and long-term appreciation. Located just two blocks from the sand and two blocks from the iconic Hermosa Beach Pier, this property offers an unbeatable A+ location paired with pristine A+ condition.
The unit mix includes five 1-bedroom, 1-bathroom units split across two buildings. At the front, two charming bungalow-style units are connected and share a 2-car garage. In addition, there's open-air parking for five more vehicles – a major perk in this prime beach area.
The rear building is a two-story structure, with upper-level units featuring beautiful ocean views from both the living rooms and bedrooms. On the ground floor, you'll find an additional unit plus two 1-car garages accessible from the alley.
The remodel spared no expense – a rare find in investment properties – with high-end finishes and thoughtful upgrades designed to reduce ongoing expenses. For example, there's no landscaping maintenance or water bill thanks to the low-maintenance design.
Everything is done for you. Just place your tenants and start enjoying strong returns from this exceptional coastal investment!
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBR3YY
Rooms
Other Rooms Second Garage
Interior
Interior Features Ceiling Fan(s), Quartz Counters, Recessed Lighting, Unfurnished
Heating Electric, Wall Furnace
Cooling None
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater
Laundry Inside, Stacked
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Waterfront Description Ocean Side Of Highway
View Y/N Yes
View Ocean
Total Parking Spaces 9
Private Pool No
Building
Lot Description Landscaped, Value In Land
Story 2
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Multi/Split
Additional Building Second Garage
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 4187008032
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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