600 1st Street, Hermosa Beach, CA 90254

$3,100,000
3,923
SqFt
List Price
$3,100,000
Status
ACTIVE
MLS#
SB19167760
Year Built
1987
Living Sq. Ft
3,923
Lot Size
4,397
Acres
0.1009
Lot Location
Greenbelt
Days on Market
34
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
One Level

Property Description

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.

Additional Information

Tract Number
6211
Lot Description
Biking, Fishing, Park, Watersports
Appliances
Dishwasher, Gas Oven, Refrigerator
Pool Description
None
Fireplace Description
Living Room
Heat
Forced Air
Cooling Description
None
View
Ocean, See Remarks
Garage Spaces Total
8
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Dunham Stewart from Vista Sotheby’s Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.