Properties

600 1st Street
Hermosa Beach, California CA 90254-5200
$2,995,000 Price
Pending Status
3,932 SqFt
0.101 Acres
SB19269004 Listing ID
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.
Schedule Showing Virtual Tour
Status Pending
County Los Angeles
Year Built 1987
Price/SqFt $761.70
Property Type Residential Income
Residential Income

Primary Features

County: Los Angeles
Lot Features: Walkstreet
MLS Area Major: 149 - Hermosa Bch Valley
Special Listing Conditions: Standard
Year Built: 1987
Zoning: HBR3*

Additional

Community Features: Storm Drains
Land Lease: no
Laundry Features: Common Area
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 5
Number Of Separate Gas Meters: 5
Number Of Separate Water Meters: 1
Number Of Units Total: 4
Other Expense Description: Utility
Property Attached: yes
Senior Community: no
Tax Block: 78
Tax Lot: 42
Tax Tract Number: 3868
Water Source: Public
Year Built Source: Assessor

Interior Features

Common Walls: 2+ Common Walls
Garage Spaces: 8
Levels: One
Stories Total: 1

Financial Details

Cap Rate: 3.54
Gross Income: 151890
Gross Multiplier: 19.72
Gross Scheduled Income: 151890
Insurance Expense: 2564
Maintenance Expense: 4920
Net Operating Income: 106118
New Taxes Expense: 33087
Operating Expense: 45772
Other Expense: 4136
Pest Control Expense: 465
Rent Control: no
Total Expenses: 45772

External Features

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

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. Last updated Sunday, December 8th, 2019.

Based on information from CARETS as of Sunday, December 8th, 2019 12:06:58 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.
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Listing courtesy of J.Woody Stahl, DRE #01399621 from Lyon Stahl Investment Real Estate, Inc.

Contact - Listing ID SB19269004

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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