420 Hermosa Avenue

Hermosa Beach, CA 90254 View Map $6,750,000 Schedule a Tour
Acres0.09
Year1955
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:20617814
On Site:80 Days
Lot Size:0.09 Acres
County:Los Angeles
-NEW PRICE REDUCTION! -SELLER CARRY FINANCING AVAILABLE! -A+ Location on Hermosa Avenue Just 350-Feet from the Sand -Two 4-Unit Apartments on Two Adjacent Parcels -Two Completely Separate Parcels - Each with Own Assessor Parcel Number (APN) -7,997-Square Feet of Land -(8) 2-Bedroom/1-Bath Fully Upgraded Units -Complete Remodel for a Modern and Futuristic Living Experience -Two Fully Vacated Properties Positioned for Top Market Rents -New Owner has Flexibility of Choosing Their Own Tenants -8-Enclosed Garage Spaces W/ Modern Silent Electric Doors -Fully Secured Property with (10) HD Cameras and Fully Gated Key-Pad Entry -All New Kitchens with Quartz Counters, New White Shaker Cabinets, Sinks & Stainless Steel Samsung Appliances -All New Bathrooms with New Showers, Carrara Marble, Subway Tile, & New Fixtures -Common Area Bike Racks, Full Copper Plumbing, New Walkways and Stairs, & Washer and Dryers -Qualifies for Residential Financing -First Time on Market in 65 Years

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
10/12/2020$6,950,000$6,750,000-2.9%

Community Information

Address:420 Hermosa Avenue Hermosa Beach, CA 90254
Zip Code:90254

Architecture

Year Built:1955
Total Units: 8
Unit 1: 8 Units•2 Beds•1 Bath•Unfurnished•$3,950 actual rent•$31,600 total rent•$31,600 pro forma
Parking: Garage
Garage Spaces: 8

Features / Amenities

Parking Total: 8

Property Features

Lot Size: 0.09 Acres / 7997 Sq. Ft.
Zoning:HBR3YY
Directions:South of Pier Avenue, West of Monterey Boulevard

Tax and Financial Info

Total Expenses: 111966.00
Gross Annual Income: 379200.00
Gross Operating Income: 369624.00

Schools

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420 Hermosa Avenue Hermosa Beach, CA 90254
GO SEE THIS LISTING
420 Hermosa Avenue Hermosa Beach, CA 90254
 
ASAP
Sat
31
Oct
Sun
1
Nov
Mon
2
Nov
Tue
3
Nov
Wed
4
Nov
Thu
5
Nov
Fri
6
Nov
Choose Your Date -- It's Free, Cancel Anytime
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Listing provided courtesy of Gianluca Jacoli, Shield Cre, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of October 30, 2020. 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. IDX provided by Sierra Interactive.