Listed by Daniel Shieh, Lyon Stahl Investment Real Estate, Inc.,

635 8th Place

Hermosa Beach, CA, 90254

$3,295,000

$752 per ft²
$3,295,000
$752 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
8 Beds
baths
6 Baths
carpenters-square
4,376 ft²
property_type
Multi-family
calendar
Built 1948
635-643 8th Pl is the rare opportunity to own a 6-unit multifamily asset on a large 7,520 sq ft lot west of PCH in Hermosa Beach. The property will be delivered with 2 vacant units. Factoring in $100,000 in renovation costs, the property will operate at a 4% cap rate, with a 5.5% cap rate at market. Tenants have the luxury of an onsite laundry room and garage parking. Individually metered for gas and electric, the landlord has low operating expenses. ADU potential in the garages and/or backyard (buyer/buyer's agent to verify). With a 87 WalkScore, tenants enjoy close proximity to the beach, Hermosa Beach Pier, PCH, recreation facilities, and the Greenbelt.
MLS® ID:
22221151
Listed:
11/28/22
Updated:
2/1/23
Side
Denton & Denton Group - Bayside Real Estate

Interior Features

Total Bedrooms
8
Total Bathrooms
6
Cooling
None

Exterior/Building Features

Lot Size
7,528 ft² lot

Other Property Details

Area Name
149 - Hermosa Bch Valley
Garage
Yes
Parking
Y
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
HBR2YY
Buyer Agency Compensation
2.500

Property History

Date
Event
Price
Value
12/19/22
Active Under Contract
-
-

Listed by Lyon Stahl Investment Real Estate, Inc., Daniel Shieh,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 2/1/23. 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.

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Data last updated 12:17 AM UTC, 2/1/23

Side
Denton & Denton Group - Bayside Real Estate
Contact