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150 10th St
Hermosa Beach, CA 90254
Sea Skiff · Multifamily Property For Sale
·
10 Units
Investment Highlights
- Price Reduced by Over $500,000 | A+ Location in the Heart of Hermosa Beach – Just 700 Feet from the Ocean
- Significant Value-Add Potential - Approximately 71% in Rental Upside | 4.56% Pro-Forma Cap Rate & 16.01 Pro-Forma GRM
- Close Proximity to the Dining, Retail, & Entertainment Options of Pier Avenue, Hermosa Avenue, King Harbor, & the Hermosa Beach Pier
- One Block from Both Pier Avenue & Hermosa Avenue, Two Blocks from the Hermosa Beach Pier
- (One) 3-Bedroom/2-Bathroom Unit & (Nine) 1-Bedroom/1-Bathroom Units
- 10 Private Garages, Private Balconies & Enclosed Private Patios | 5,988-Square Foot Corner Lot – Corner of 10th Street & Manhattan Avenue
Property Facts
| No. Units | 10 | Building Size | 6,763 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | HBR3YY | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,763 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | HBR3YY |
Amenities
Unit Amenities
- Balcony
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,981 | - |
| 3+2 | 1 | $3,400 | - |
Property Taxes
| Parcel Number | 4187-007-001 | Improvements Assessment | $520,200 |
| Land Assessment | $6,450,480 | Total Assessment | $6,970,680 |
Property Taxes
Parcel Number
4187-007-001
Land Assessment
$6,450,480
Improvements Assessment
$520,200
Total Assessment
$6,970,680
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