Hermosa Beach, CA 90254,950 1st
Hermosa Beach, CA 90254,950 1st
Hermosa Beach, CA 90254,950 1st
26
$3,525,000
Est.Price: ?

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5 BD
4 BA
6,742 Sqft Lot

950 1st Hermosa Beach, CA 90254

Est. payment /mo
SOLD DATE : 09/27/2022

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Key Details

Sold Price $3,525,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22149898

Bedrooms 5

Lot Size 6,742 Sqft

Property Description

Incredible investment opportunity 7-Unit building w Ocean Views 9 blocks or .7 miles to world-famous beaches and a short walk to Downtown Hermosa for dining, entertainment, shopping more. Built in 1964, 2 buildings totaling 4899 sq. ft on a 6742 SF lot. Dimensions ~ 40' X 168' This Property features a 2 buildings with Five 1 bedroom 1 bath units, and Two 2 bedroom 1-bath unit. 5 units have some Ocean views. The property also includes 7 garages with storage and an on-site laundry room. The building offers strong rental upside potential in a high demand area. The building has been well kept and most tenant are long term. Given the location in a high rental demand, consistent income this building provides, this is a great opportunity to own a quality income producing asset in wonderful Hermosa Beach for any real estate investor. (not to mention possible future condo site* -buyers please confirm w city) There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property. Any Questions please contact listing brokers. Please email offers with proof of funds and a pre-approval from the direct lender if financing needed. Sold "As-Is" & "Where-Is". Seller's choice of all services.
Incredible investment opportunity 7-Unit building w Ocean Views 9 blocks or .7 miles to world-famous beaches and a short walk to Downtown Hermosa for dining, entertainment, shopping more. Built in 1964, 2 buildings totaling 4899 sq. ft on a 6742 SF lot. Dimensions ~ 40' X 168' This Property features a 2 buildings with Five 1 bedroom 1 bath units, and Two 2 bedroom 1-bath unit. 5 units have some Ocean views. The property also includes 7 garages with storage and an on-site laundry room. The building offers strong rental upside potential in a high demand area. The building has been well kept and most tenant are long term. Given the location in a high rental demand, consistent income this building provides, this is a great opportunity to own a quality income producing asset in wonderful Hermosa Beach for any real estate investor. (not to mention possible future condo site* -buyers please confirm w city) There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property. Any Questions please contact listing brokers. Please email offers with proof of funds and a pre-approval from the direct lender if financing needed. Sold "As-Is" & "Where-Is". Seller's choice of all services.

Location

State CA

County Los Angeles

Area Hermosa Beach (90254)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Others

Acceptable Financing Cash

Space Rent $2,000

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Christopher Ponsonby • The Real Estate Store
Bought with NON LISTED AGENT • San Diego

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agent

Wendy Carter

Real Estate Agent | CA DRE#02059416

+1(858) 716-6750

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