2,848 Sqft Lot
2,848 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26036288
HOA Y/N No
Year Built 1922
Lot Size 2,848 Sqft
Property Sub-Type Triplex
Property Description
With immediate access to the beach, Pier Avenue dining, shops, cafés, and the Hermosa Beach pier, this is a true lifestyle location that consistently drives strong tenant demand. On a pro forma basis, the property offers an estimated 3.50% cap rate and 18.6 GRM, reflecting both income upside and long-term land value.
The property presents multiple paths forward - hold as-is, update units to capture upside in rents, or explore future development potential. A compelling opportunity for investors or end users seeking long-term value in a blue-chip Hermosa Beach location where proximity, walkability, and land scarcity remain irreplaceable.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Interior
Fireplace No
Laundry Inside, Outside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Ocean
Total Parking Spaces 3
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4187003013
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Nearby Locations
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Scott Greenspan
Broker Owner