$2,950,000
$2,950,000
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8 Beds
6 Baths
3,306 SqFt
SOLD DATE : 12/29/2023
Key Details
Sold Price $2,950,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,306 sqft
Price per Sqft $892
MLS Listing ID 23-299573
Sold Date 12/29/23
Bedrooms 8
Year Built 1955
Annual Tax Amount $32,775
Lot Size 5,676 Sqft
Acres 0.0691
Property Description
This exceptional Hermosa Beach investment offers a remarkable Value-Add opportunity with potential rental upside of about 150%. Boasting Ocean Views for all units, the property features two side-by-side triplexes, each with separate Assessor Parcel Numbers, in an A+ location close to Pier Avenue and the ocean. With a unit mix of four 2-bedroom/1-bathroom units and two studio/1-bathroom units, along with four garage parking spaces, this property qualifies for residential financing and stands as an opportunity for a flip or value-add long-term investment. The property falls under AB1482 which allows an investor to implement a flexible value add strategy. This is truly a blank canvas. Get in at an attractive price and add your own value.
Location
State CA
County Los Angeles
Area Hermosa Beach East
Zoning HBR2*
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Garage Garage
Garage Spaces 4.0
View Y/N Yes
View Ocean
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Shield CRE, Inc.
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