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1702 Hermosa Ave
Hermosa Beach, CA 90254
Multifamily Property For Sale
·
10 Units
Investment Highlights
- $1,000,000 Price Reduction
- Complete Rehab & Renovation of Exterior & Interior in 2023, 2024 & 2025
- Priced well below Hermosa Beach condominium & single-family homes located in a high-barrier to entry market with exceptional tenant demand
- Rare Oceanview Income Property on Hermosa Avenue
- New: Roof, Plumbing, Sub-Panels, Water Heaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More
- Ocean views and minutes to sand, surf & Pier Avenue’s renowned dining and retail
Property Facts
| Price Per Unit | $899,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 2.71% | Building Size | 5,519 SF |
| Gross Rent Multiplier | 22.9 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1953/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Hermosa Beach | ||
| Price Per Unit | $899,500 |
| Sale Type | Investment |
| Cap Rate | 2.71% |
| Gross Rent Multiplier | 22.9 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,519 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2023 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | R3, Hermosa Beach |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $3,412 | 550 - 650 |
| 2+1 | 4 | $3,151 | 670 |
Property Taxes
| Parcel Number | 4183-010-011 | Improvements Assessment | $116,056 |
| Land Assessment | $6,151,102 | Total Assessment | $6,267,158 |
Property Taxes
Parcel Number
4183-010-011
Land Assessment
$6,151,102
Improvements Assessment
$116,056
Total Assessment
$6,267,158
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