In Escrow – Townhouse Style 4-Unit Property in Hermosa Beach
Brett Lyon and Woody Stahl of Lyon | Stahl just put 600 1st St, Hermosa Beach in escrow!
This property was listed for $2,995,000
The building consists of all 2-Bed/2-Bath units with nearly 1,000 square feet per unit. Select units feature ocean and Palos Verdes views, with a combined living area of 3,932 square feet on a 4,397 square foot lot. Each unit also contains two garage spaces and the rear unit was recently remodeled with brand new countertops and appliances.
This well-maintained building is West of PCH in one of the strongest rental markets in California, just a few blocks from King Harbor Marina and all the amenities in Downtown Hermosa Beach. The property has fantastic in-place income and is near market rent for all units. This is an ideal investment opportunity for a yield-focused investor interested in building equity in an A+ location.
Investment Highlights:Â
- (4) Large 2-Bed/2-Bath Units | Separately Metered for Gas & Electricity
- Built in 1987 | Located West of PCH with Ocean Views
- 8 Total Garage Spaces and Private Balconies for Each Unit
- Excellent Location – Blocks from the Beach, King Harbor Marina, and Downtown Hermosa Beach
For more information on this property:Â
• Download the marketing package here
• View the listing here
• Contact [email protected]
