Properties

600 1st Street
Hermosa Beach, California CA 90254-5200
$2,995,000 Price
Active Status
3,923 SqFt
0.101 Acres
SB19167760 Listing ID
A rare 4-unit opportunity in Hermosa Beach west of PCH. Well maintained building built in 1987. Four similar sized units (@1,000 sf). Some ocean and PV views. Located on a highly desirable neighborhood on a quiet street. Easy access to the beach, Redondo Marina, greenbelt and downtown Hermosa. A great long standing investment in one of the strongest rental markets in CA, if not the country. Rents a very close to current market. Even with this year's new CA tenant law. It will not take much on rental increases in 2020 to get to full market rates. Unit #4 just rented at $3,250/mo, after modest improvements (new countertops and appliances). Unit#1 - has ocean view, front facing garage and guest spot, and has great upside with light freshening up of the unit. Units #2 & #3 could also get similar rents as well.
Schedule Showing Virtual Tour
Status Active
County Los Angeles
Year Built 1987
Price/SqFt $763.45
Property Type Residential Income
Residential Income
Property Sub Type Quadruplex

Primary Features

Cooling Type: None
County: Los Angeles
Heating Type: Forced Air
Interior Features: Balcony
Lot Features: Greenbelt
MLS Area Major: 149 - Hermosa Bch Valley
Special Listing Conditions: Standard
View Type: Ocean, See Remarks
Year Built: 1987
Zoning: HBR3*

Additional

Association: no
Community Features: Biking, Fishing, Park, Watersports
Land Lease: no
Laundry Features: Common Area
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 4
Number Of Units Total: 4
Number With Refrigerator: 4
Other Expense Description: Pest Ctr
Property Attached: yes
Senior Community: no
Tax Block: 78
Tax Lot: 42
Tax Tract Number: 6211
Utilities: Electricity Available, Natural Gas Connected, Sewer Available
Water Source: Public
Year Built Source: Assessor

Interior Features

Appliances: Dishwasher, Gas Oven, Refrigerator
Appliances: yes
Average 2 Bed Area: 1000
Common Walls: 2+ Common Walls
Cooling: no
Fireplace Features: Living Room
Fireplace: yes
Garage Spaces: 8
Heating: yes
Levels: One
Stories Total: 1

Financial Details

Cable Tv Expense: 2405
Cap Rate: 3.54
Electric Expense: 872
Fuel Expense: 190
Gross Income: 151140
Gross Multiplier: 19.82
Gross Scheduled Income: 151140
Insurance Expense: 1300
Maintenance Expense: 3000
Net Operating Income: 104789
New Taxes Expense: 34442
Operating Expense: 46351
Other Expense: 465
Pest Control Expense: 465
Rent Control: no
Total Expenses: 46351
Trash Expense: 1254
Water Sewer Expense: 1823

External Features

Lot Size Area: 4397
Lot Size Square Feet: 4397
Number Of Buildings: 1
Parking Features: Garage
Parking Total: 8
Parking: yes
Pool Features: None
Private Pool: no
Sewer: Public Sewer
View: yes

Location Information

Country: US

Zoning Info


Area Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Dunham Stewart from Vista Sotheby’s Realty . Last updated Monday, November 11th, 2019.
Based on information from CARETS as of Monday, November 11th, 2019 02:33:43 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Contact - Listing ID SB19167760

Alison Clay-Duboff

1040 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Phone: 310-200-3037
Fax: 310-265-6050

Data services provided by IDX Broker
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