907 5th St, Hermosa Beach, CA 90254

907 5th St, Hermosa Beach, CA 90254

Hermosa Beach, CA

Property Description

[arve url=”https://vimeo.com/383350458″ /]

Lyon Stahl is excited to present 907 5th St in Hermosa Beach, a townhouse style triplex built in 1986. This building consists of one (1) 3-Bed/2.5-Bath unit and two (2) 3 Bed/2-Bath units with nearly 2,000 SF per unit. Each tri-level unit features ocean views, with a combined living area of 5,542 square feet on a 3,485 square foot lot. The building is separately metered for gas and electricity, and each unit contains its own washer/dryer and 2-car garage.

This well-maintained property is just one block from PCH and is in close proximity to Pier Avenue, local restaurants, retail, and The Strand. One (1) unit can be delivered vacant.

Located in one of the strongest rental markets in California – this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.

<strong>Investment Highlights:
• (1) Large 3-Bed/2.5-Bath Unit &amp; (2) Large 3-Bed/2-Bath Units
• (1) Unit Can Be Delivered Vacant
• Potential Seller Financing Available
• Built in 1986 | Located One Block From PCH with Ocean Views
• (6) Total Garage Spaces | In-Unit Washer/Dryer
• Separately Metered For Gas &amp; Electric
• Excellent Location – Walking Distance to Downtown Hermosa Beach

Property Features

  • Sale Price: $3,050,000
  • Area Size: 5,542 SF
  • Land Area: 3,485 SF
  • Year Built: 1986
  • Listing Date: 1/7/2020
  • Closing Date: 3/9/2020
  • Units: 3
  • Current GRM: 24.12
  • Current Cap Rate: 2.75%
  • Market GRM: 19.10
  • Market Cap Rate: 3.68%

Lyon Stahl Investment Real Estate

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