A rare 4-unit opportunity in Hermosa Beach west of PCH. Well maintained building built in 1987. Four similar sized units (@1,000 sf). Some ocean and PV views. Located on a highly desirable neighborhood on a quiet street. Easy access to the beach, Redondo Marina, greenbelt and downtown Hermosa. A great long standing investment in one of the strongest rental markets in CA, if not the country. Room to increase rents closer to market. Unit #4 just rented at $3,250/mo, after modest improvements (new countertops and appliances). Unit#1 - has ocean view, front facing garage and guest spot, and has great upside with light freshening up of the unit. Units #2 & #3 could also get similar rents as well.
Listing courtesy of Dunham Stewart from Vista Sotheby’s Realty
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