Hermosa Beach, CA 90254,600 1st ST
Hermosa Beach, CA 90254,600 1st ST
Hermosa Beach, CA 90254,600 1st ST
26
$2,975,000
$2,995,000
0.7%
Est.Price: ?

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4,395 Sqft Lot

600 1st ST Hermosa Beach, CA 90254

Est. payment /mo
SOLD DATE : 01/09/2020

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Key Details

Sold Price $2,975,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB19269004

Year Built 1987

Lot Size 4,395 Sqft

Property Description

600 1st St in Hermosa Beach is a townhouse style 4-unit property built in 1987. The building consists of all 2-Bed/2-Bath units with nearly 1,000 square feet per unit. Select units feature ocean and Palos Verdes views, with a combined living area of 3,932 square feet on a 4,397 square foot lot. Each unit also contains two garage spaces and the rear unit was recently remodeled with brand new countertops and appliances. This well-maintained building is West of PCH in one of the strongest rental markets in California, just a few blocks from King Harbor Marina and all the amenities in Downtown Hermosa Beach. The property has fantastic in-place income and is near market rent for all units. This is an ideal investment opportunity for a yield-focused investor interested in building equity in an A+ location.

Location

State CA

County Los Angeles

Area 149 - Hermosa Bch Valley

Zoning HBR3*

Interior

Laundry Common Area

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Storm Drain(s)

Building

Lot Description Walkstreet

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by J.Woody Stahl • Lyon Stahl Investment Real Estate, Inc.
Bought with Norio Kanai • Cosmo Investment

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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