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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,795,000

Est. payment - /mo

2 Beds

3 Baths

1,145 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,145 sqft

Price per Sqft $1,567

MLS Listing ID 25589737

Bedrooms 2

HOA Y/N No

Year Built 1918

Lot Size 2,478 Sqft

Property Description

Discover this exceptional triplex property in the heart of Hermosa Beach, California, perfectly positioned just a few blocks from The Strand and the shimmering Pacific Ocean, embodying the essence of coastal luxury living. As a prime investment opportunity, this versatile asset offers strong potential for owner-occupancy, allowing you to reside in one unit while generating income from the others. With outstanding potential for Accessory Dwelling Units (ADUs), buyers can explore adding extra rentals to significantly boost revenuethough verification of feasibility is advised. Benefiting from favorable rent regulations, the property is exempt from Los Angeles City rent control and falls under AB 1482, enabling attractive annual rent increases to maximize returns. Its eligibility for standard residential financing makes it accessible to a broad spectrum of buyers, simplifying acquisition. Currently delivering robust income with a 2.73% cap rate and 22.23 GRM, it promises even greater upside through pro-forma projections of a 3.58% cap rate. The location's exceptional market appeal shines with proximity to King Harbor, Hermosa Beach Pier, Redondo Beach Pier, and vibrant Pier Avenue, providing endless beachside dining, shopping, and recreational options. Inside, enjoy modern amenities like a fully renovated studio unit and Unit C's private deck for enhanced comfort. Practical features include a spacious 2-car garage for secure parking and on-site laundry facilities that generate an additional $200 per month in passive income. This triplex combines immediate cash flow, growth potential, and an unbeatable seaside lifestyledon't miss out on this Hermosa Beach gem.

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Zoning HBR1YY

Interior

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Garage

Garage Spaces 2.0

Garage Description 2.0

Porch Deck

Total Parking Spaces 2

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4188025003

Special Listing Condition Standard

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Listed by Gianluca Jacoli Shield CRE, Inc.

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563 2nd ST Hermosa Beach, CA 90254