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Property Type:Residential Income (Multi-Family)
On Site:80 Days
Lot Size:0.09 Acres
-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
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Price Change History
|Date||Old Price||New Price||Percent Change|
Address:420 Hermosa Avenue Hermosa Beach, CA 90254
Total Units: 8
Unit 1: 8 Units•2 Beds•1 Bath•Unfurnished•$3,950 actual rent•$31,600 total rent•$31,600 pro forma
Garage Spaces: 8
Features / Amenities
Parking Total: 8
Lot Size: 0.09 Acres / 7997 Sq. Ft.
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
WALKING AND TRANSPORTATION
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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.