542 Hermosa Ave 8 Unit Apartment Building Offered at $3,200,000 at a 5.17% Cap Rate Hermosa Beach, CA 90254

Outstanding Location, that said, all Buyer's to investigate and confirm their satisfaction, the Subject Property's Unit Mix, Square Footage and Number of Stories (2 or 3). Listing Broker has not been able to definitively determine the Subject Property's current actual Unit Mix. The Subject Property appears to have Two units on the "Ground Floor" a Two Bedroom/One apt & a One Bedroom/One Bath apt. The 2nd Floor is configured into 4 Studio apts, two of which have balconies and peek-a-boo ocean views looking down the 6th Street Walk Street. There are two 2 Bedroom 1 Bath apts on the level below the "Ground Floor" that can be accessed from the Subject's backyard. Each of these units have two bedrooms, one bathroom, and a kitchen. Additionally, There are only five electric meters that appear to have been installed sometime mid-century during the 1950-1960's. Lastly, the LA County Tax Sheet lists the Subject as 8 Units with 3 Bedrooms and 6 Bathrooms which would result in the following Unit Mix - 1 - 2 Bedroom/One Bath, 1 - 1 Bedroom/One Bath and 6 Studios with One Bath.