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1731 Pacific Coast Highway

Hermosa Beach CA 90254

40
20
40
16211 sq. ft.
18591 sq. ft.
Other
Currently for sale - view listing

Overview

Price reduced by $450,000! This trophy asset features all 2-bedroom/1-bathroom units situated in an A+ Beach City location. The offering includes ocean-facing units, 40 parking spaces and the building is equipped with solar panels. Located in prime Hermosa Beach, the property is just two blocks from Pier Avenue. With no local rent control (AB 1482 only), there's potential for a 30% rental upside. Currently yielding a 3.71% cap rate, the pro-forma cap rate stands at 5.25%, making this an outstanding investment opportunity. Seller will consider SELLER CARRY FINANCING for 3 to 5 years. Rate and terms are negotiable.

Features

40 bedrooms
20 bathrooms
40 carspaces
16211 sq. ft. floor area
18591 sq. ft. lot size
Other

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