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724 Hermosa Ave 3 Unit Apartment Building $2,495,000 ($831,667/Unit) 4.34% Cap Rate Hermosa Beach, CA 90254
Investment Highlights
- Highly Walkable Beach Lifestyle
- Classic Beach Cottage Character
- Walk to the Pier and Downtown
Executive Summary
718 Hermosa Avenue offers a classic Hermosa Beach investment opportunity just steps from the sand and a short walk to downtown Hermosa and the Pier. The property consists of three units: a 2br/1ba unit and two studio units. A legal duplex configured as a triplex, 718 Hermosa provides flexible ownership and income possibilities. BOTH STUDIO UNITS WILL BE DELIVERED VACANT, creating an immediate opportunity for an investor, developer, or an owner-user beach retreat with rental income. The property retains its vintage California beach cottage character. Located just moments from the beach and within easy reach of Hermosa’s restaurants, shops, and vibrant pier area, 718 Hermosa Ave presents a rare chance to acquire a versatile coastal property with both current income and long-term potential in one of the South Bay’s most sought-after neighborhoods.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $831,667 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,973 SF |
| Cap Rate | 4.34% | Average Occupancy | 66% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | ||
| Zoning | HBR3YY - R3 | ||
| Price | $2,495,000 |
| Price Per Unit | $831,667 |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.07 AC |
| Building Size | 1,973 SF |
| Average Occupancy | 66% |
| No. Stories | 1 |
| Year Built | 1912 |
| Zoning | HBR3YY - R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,998 | 900 |
| Studios | 2 | $2,500 | 450 - 623 |
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 4187-021-040 | Improvements Assessment | $51,000 |
| Land Assessment | $2,397,000 | Total Assessment | $2,448,000 |
Property Taxes
Parcel Number
4187-021-040
Land Assessment
$2,397,000
Improvements Assessment
$51,000
Total Assessment
$2,448,000
Contact
-
Andrew Wilkey -
TriWest Development
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724 Hermosa Ave
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