Sold
950 1st 7
Hermosa Beach CA, 90254
$3,525,000
$719.53 per sqft
Sold
4,899 sqft
Condo
Built in 1964
Listed by Christopher Ponsonby with The Real Estate Store 310-376-1300
Incredible investment opportunity 7-Unit building w Ocean Views 9 blocks or .7 miles to world-famous beaches and a short walk to Downtown Hermosa for dining, entertainment, shopping more. Built in 1964, 2 buildings totaling 4899 sq. ft on a 6742 SF lot. Dimensions ~ 40' X 168' This Property features a 2 buildings with Five 1 bedroom 1 bath units, and Two 2 bedroom 1-bath unit. 5 units have some Ocean views. The property also includes 7 garages with storage and an on-site laundry room. The building offers strong rental upside potential in a high demand area. The building has been well kept and most tenant are long term. Given the location in a high rental demand, consistent income this building provides, this is a great opportunity to own a quality income producing asset in wonderful Hermosa Beach for any real estate investor. (not to mention possible future condo site* -buyers please confirm w city) There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property. Any Questions please contact listing brokers. Please email offers with proof of funds and a pre-approval from the direct lender if financing needed. Sold "As-Is" & "Where-Is". Seller's choice of all services.
SB22149898
MLSⓇ ID
July 12, 2022
Listed
March 23, 2024
Updated
Map
950 1st 7
Hermosa Beach CA, 90254
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
150 - Hermosa Bch East
Days on Market
17
Garage
Yes
Garage Spaces
7
Parking Total
7
View
Yes
View Description
Ocean
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2.5%
Listing Contact: 310-376-1300
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 3/23/2024 at 1:42 AM UTC