32 16 Street, Hermosa Beach, California 90254

Property Status: Pending

$4,200,000
3,786 Sqft
Property Description
32 16th Street is a well-positioned 7-Unit building located on a walk street in prime Hermosa Beach only 3 parcels from the Strand. Built in 1923, the 3,786 SF building sits on a 3,531 SF lot, and features (6) 1-bed/1-bath units, and (1) 0-bed/1-bath unit. The building offers strong rental upside in a high demand area with a market cap of 4.30%. The property also includes on-site laundry and 3 single-car garages with a courtyard in between the buildings.rnGiven the ideal location in a high-growth city and consistent income this building provides, this is a great opportunity to own a quality asset for any Los Angeles CRE investor.
Listed by J.Woody Stahl - DRE #01972083 - Lyon Stahl Investment Real Estate, Inc.
Features
3,786 Sqft
0
3531
10
: 3.00
SSTAHJOSE
: Walkstreet
: Public
: Common Area
0
: Public Sewer
0
: Biking
: 1 Common Wall
Address Map
3,786 Sqft
0
3531
10
16
32
Street
0
W119° 35' 52.9''
N33° 51' 53''
MLS Addon
3,786 Sqft
0
3531
10
Lyon Stahl Investment Real Estate, Inc.
3,531 Sqft
Stahl
HBR2B2
sb1310620
J.Woody
3 Parcels from the Strand
4183005028
$0
0
: Standard
1.06
3
148 - Hermosa Bch Sand
01972083