Price reduced by $450,000! This trophy asset features all 2-bedroom/1-bathroom units situated in an A+ Beach City location. The offering includes ocean-facing units, 40 parking spaces and the building is equipped with solar panels. Located in prime Hermosa Beach, the property is just two blocks from Pier Avenue. With no local rent control (AB 1482 only), there's potential for a 30% rental upside. Currently yielding a 3.71% cap rate, the pro-forma cap rate stands at 5.25%, making this an outstanding investment opportunity. Seller will consider SELLER CARRY FINANCING for 3 to 5 years. Rate and terms are negotiable.
Property Type :
Residential Income
County :
Los Angeles
Style :
Residential Income
Sell a home like this and save $689,501 Find Out How
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®.
Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to
purchase real estate, is prohibited.
ByOwner last updated this listing 05/22/2024 @ 14:09
MLS: 24364047
LISTED BY: Gianluca Jacoli, Shield CRE, Inc.
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
