Log In/Sign Up
563 2nd St
Hermosa Beach, CA 90254
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Premier Hermosa Beach Location: Situated just a few blocks from The Strand & the sparkling Pacific Ocean.
- ADU Expansion Potential: Outstanding chance to develop Accessory Dwelling Units (ADUs) to boost rental income (Buyer to verify).
- Modern Unit Features: Includes a fully renovated studio unit, plus Unit C featuring its own private deck for added comfort and desirability.
- Prime Investment Opportunity: This triplex property serves as an ideal asset with strong potential for owner-occupancy.
- Favorable Rent Regulations: Exempt from Los Angeles City rent control, falling under AB 1482 for competitive annual rent adjustments.
- Robust Income Stream & Growth Potential: Boasts a current cap rate of 2.84% and GRM of 21.66, with pro-forma projections reaching a 3.71% cap rate.
Property Facts
| No. Units | 3 | Building Size | 1,145 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1918 |
| Building Class | C | Parking Ratio | 1.75/1,000 SF |
| Lot Size | 0.06 AC | ||
| Zoning | HBR1YY | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 1,145 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1918 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | HBR1YY |
Amenities
Unit Amenities
- Deck
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,168 | - |
| Studios | 1 | $2,395 | - |
Property Taxes
| Parcel Number | 4188-025-003 | Improvements Assessment | $44,775 |
| Land Assessment | $1,137,429 | Total Assessment | $1,182,204 |
Property Taxes
Parcel Number
4188-025-003
Land Assessment
$1,137,429
Improvements Assessment
$44,775
Total Assessment
$1,182,204
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
