950 1st, Hermosa Beach, California 90254
Property Status: Active
Incredible investment opportunity 7-Unit building w Ocean Views 9 blocks or .7 miles to world-famous beaches and a short walk to Downtown Hermosa for dining, entertainment, shopping more. Built in 1964, 2 buildings totaling 4899 sq. ft on a 6742 SF lot. Dimensions ~ 40′ X 168′ This Property features a 2 buildings with Five 1 bedroom 1 bath units, and Two 2 bedroom 1-bath unit. 5 units have some Ocean views. The property also includes 7 garages with storage and an on-site laundry room. The building offers strong rental upside potential in a high demand area. The building has been well kept and most tenant are long term. Given the location in a high rental demand, consistent income this building provides, this is a great opportunity to own a quality income producing asset in wonderful Hermosa Beach for any real estate investor. (not to mention possible future condo site* -buyers please confirm w city) There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property. Any Questions please contact listing brokers. Please email offers with proof of funds and a pre-approval from the direct lender if financing needed. Sold “As-Is” & “Where-Is”. Seller’s choice of all services.
Listed by Christopher Ponsonby - DRE #01056098 - The Real Estate Store
: Wall Furnace
: 0-1 Unit/acre
: Sewer Connected, Electricity Connected, Natural Gas Connected, Phone Connected
: Common Area, Community
: Public Sewer
: Sidewalks, Street Lights, Curbs, Biking, Storm Drains, Urban
: 2+ Common Walls
W119° 36' 42.7''
N33° 51' 21.1''
The Real Estate Store
On 1st Street 2 Blocks East of PCH, 1 block North of 190th / Herondo
150 - Hermosa Bch East