600 1st Street, Hermosa Beach, 90254

REDUCED 3% Residential Income For Sale


MLS® #: SB19167760
Active, 97 Days on Market

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. Rents a very close to current market. Even with this year's new CA tenant law. It will not take much on rental increases in 2020 to get to full market rates. 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.

Price & Status History

Date Details
Price Reduced from $3,100,000 to $2,995,000

Essential Information

MLS® #: SB19167760
Price: $2,995,000
Square Footage: 3,923
Acres: 0.10
Year Built: 1987
Type: Residential Income
Status: Active

Community Information

Address: 600 1st Street
County: Los Angeles
State: CA
Zip Code: 90254


Parking Spaces: 8
# of Garages: 8


Appliances: Dishwasher, Refrigerator, Gas Oven
Heating: Forced Air
Cooling: None
Fireplace: Yes
# of Stories: 1
Stories: One Level


Lot Description: Greenbelt

Additional Information

Date Listed: July 15th, 2019
Days on Market: 97
Zoning: HBR3*

Listing Details

Listing Agent: Dunham Stewart(01006738)
Listing Office: Vista Sotheby’s Realty


$/SqFt: $763

Welcome to this 0 bedroom 0 bath Residential Income in the Hermosa Beach Valley (149) section of Hermosa Beach located at 600 1st Street built in 1987. It is 0 square feet and the current asking price is $ 2,995,000.

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Based on information from California Regional Multiple Listing Service, Inc. as of October 21st, 2019 at 10:11pm PDT. 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.