Listed by Christopher Ponsonby, The Real Estate Store,

950 1st Unit: 7

Hermosa Beach, CA, 90254

$3,525,000

$719 per ft²
$3,525,000
$719 per ft²
Sold
Sold
carpenters-square
4,899 ft²
property_type
Multi-family
calendar
Built 1964
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.
MLS® ID:
SB22149898
Listed:
7/11/22
Updated:
9/28/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area
Fireplace
None
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
6,742 ft² lot
Lot Details
0-1 Unit/Acre
Sewer
Public Sewer

Other Property Details

Area Name
150 - Hermosa Bch East
HOA Amenities
Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban
Garage
Yes
Garage Spaces
7
Parking
Y
Parking Total
7.0
View
Y
County
Los Angeles
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2

Property History

Date
Event
Price
Value
9/27/22
Sold
-
-
9/27/22
Price Change
$3,525,000
100%
9/2/22
Pending
-
-
8/4/22
Active Under Contract
-
-
7/29/22
Active
-
-
7/23/22
Pending
-
-

 

Listed by Christopher Ponsonby, The Real Estate Store,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/28/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 12:03 PM UTC, 9/28/22

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