Alamo Apartments 35 17th St 8 Unit Apartment Building $4,500,000 ($562,500/Unit) 4.30% Cap Rate Hermosa Beach, CA 90254

Lee & Associates Investment services Group, Inc. & Total Real Estate Company, Inc. are pleased to present for sale, The Alamo Apartments, is situated on a walk street, has a large front yard and is located just feet from the sand. The Alamo Apartments is comprised of 8 comfortable Two Bedroom One Bath apartments with six of the apartments on grade forming a bungalow style courtyard and at its rear there are two more Two bedroom apartments over 8 garages. Access to the garages is via from 18th Ct. The Alamo Apartments was constructed in 1928. The Alamo Apartments is an amazing "Value Add" investment opportunity in an excellent location.
Hermosa Beach, California, is widely regarded as one of the most desirable coastal communities in Southern California (and often ranks among the top places to live in the U.S.) due to its perfect blend of beachfront lifestyle, upscale amenities, family-friendly environment, and convenient proximity to Los Angeles.
Here's what makes it so appealing:
• Stunning beaches and ocean access — It features wide, pristine sandy beaches, the iconic Manhattan Beach Pier (with its Roundhouse Aquarium), consistent waves for surfing, and beach volleyball courts. Daily life often revolves around the ocean — walking the strand, biking along the coast, or simply enjoying sunsets.
• Ideal weather — Near-perfect year-round mild climate (think highs rarely above 80°F and lows around 70°F), with that classic Southern California sunshine and ocean breeze.
• Excellent schools and family appeal — Manhattan Beach Unified School District consistently ranks among the best in California (and often nationally), making it a top choice for families raising kids. Low crime rates add to the safe, community-oriented vibe.
• Vibrant yet laid-back downtown / village area — A walkable hub with boutique shops, high-end restaurants, cafes, and a "flip-flop luxury" feel — designer casual meets small-town charm. It's lively without feeling overcrowded.
• Luxury homes and strong real estate — Many properties offer ocean views or direct beach access, with modern, high-end architecture. The area has maintained strong property value appreciation, attracting affluent professionals, entrepreneurs, and retirees.
• Prime location — Just 20 miles from downtown LA, with easier freeway access, proximity to LAX airport, and quick escapes to other South Bay spots or the city for work, entertainment, sports, or culture — without the constant urban grind, traffic congestion, or smog of central LA.
Overall, Hermosa Beach delivers that coveted "best of both worlds", serene coastal living with big-city opportunities nearby. It's especially popular with high-achieving families and those prioritizing an active, outdoor-oriented, high-quality lifestyle. Of course, the high cost of housing and living is the main trade-off, but for many, the perks make it worth it.