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600 1st St, Hermosa Beach, CA 90254

$2,995,000

Description

Lyon Stahl Investment Real Estate, Inc. is pleased to present 600 1st St in Hermosa Beach, a townhouse style 4-unit property built in 1987.  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: 

  • (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

Property Downloads

Address

  • City: Hermosa Beach
  • State/county: CA
  • Country: United States

Detail

Updated on November 27, 2019 at 4:22 pm

  • Price: $2,995,000
  • Property Size: 3,932 Sq Ft
  • Land Area: 4,397 Sq Ft
  • Garage Size: 8
  • Year Built: 1987
  • Property Type: Multifamily
  • Property Status: Pending Sale, Active
  • Numbers of Units: 4
  • GRM: 19.72
  • CAP RATE: 3.54%
  • Market GRM: 17.02
  • Market CAP RATE: 4.17%

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin

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