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600 1st ST Hermosa Beach, CA 90254
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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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Bought with Norio Kanai • Cosmo Investment