$6,700,000
$6,995,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
11 Baths
6,763 SqFt
SOLD DATE : 07/29/2022
Key Details
Sold Price $6,700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,763 sqft
Price per Sqft $990
MLS Listing ID 22-127457
Sold Date 07/29/22
Bedrooms 12
Year Built 1961
Annual Tax Amount $87,438
Lot Size 5,988 Sqft
Acres 0.1375
Property Sub-Type Multi-Family
Property Description
Price Reduced by Over $500,000 | A+ Location in the Heart of Hermosa Beach - Just 700 Feet from the Ocean | One Block from Both Pier Avenue & Hermosa Avenue, Two Blocks from the Hermosa Beach Pier | Significant Value-Add Potential - Approximately 71% in Rental Upside | 4.56% Pro-Forma Cap Rate & 16.01 Pro-Forma GRM | (One) 3-Bedroom/2-Bathroom Unit & (Nine) 1-Bedroom/1-Bathroom Units | Close Proximity to the Dining, Retail, & Entertainment Options of Pier Avenue, Hermosa Avenue, King Harbor, & the Hermosa Beach Pier | 10 Private Garages, Private Balconies & Enclosed Private Patios | 5,988-Square Foot Corner Lot Corner of 10th Street & Manhattan Avenue
Location
State CA
County Los Angeles
Area Hermosa Beach Sand
Zoning HBR3YY
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Garage
Garage Spaces 10.0
Building
Story 2
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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