635 8th Pl, Hermosa Beach, CA 90254

635 8th Pl, Hermosa Beach, CA 90254

Hermosa Beach, CA

Property Description


  • 6 units in highly desirable Hermosa Beach
  • 4% cap rate on current | 5.6% cap rate on market
  • 87 WalkScore – close proximity to Hermosa Beach Pier, South Park, Greenbelt, PCH
  • 2 units to be delivered vacant
  • Large 7,520 square foot lot
  • 1/2 mi to beach and downtown Hermosa Beach
  • Onsite laundry room
  • Garage parking for each unit
  • ADU potential for additional unit and income


635-643 8th Pl is the rare opportunity to own a 6-unit multifamily asset on a large 7,520 sq ft lot west of PCH in Hermosa Beach. The property will be delivered with 2 vacant units. Factoring in $100,000 in renovation costs, the property will operate at a 4% cap rate, with a 5.5% cap rate at market. Tenants have the luxury of an onsite laundry room and garage parking. Individually metered for gas and electric, the landlord has low operating expenses. ADU potential in the garages and/or backyard (buyer/buyer’s agent to verify). With a 87 WalkScore, tenants enjoy close proximity to the beach, Hermosa Beach Pier, PCH, recreation facilities, and the Greenbelt.

Property Features

  • Sale Price: $3,220,000
  • Area Size: 4,376 Sq. Ft.
  • Land Area: 7,520 Sq. Ft.
  • Year Built: 1948
  • Listing Date: 12/01/2022
  • Closing Date: 2/20/2023
  • Units: 6
  • Current GRM: 16.08
  • Current Cap Rate: 4.13%
  • Price Per Unit: $549,167
  • Market GRM: 12.08
  • Market Cap Rate: 5.60%

Lyon Stahl Investment Real Estate

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