Hermosa Beach, CA 90254,950 1st #7
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Hermosa Beach, CA 90254,950 1st #7
Hermosa Beach, CA 90254,950 1st #7
Hermosa Beach, CA 90254,950 1st #7
Hermosa Beach, CA 90254,950 1st #7

$3,525,000

Est. payment /mo

$3,500,000

0.7%
Est.Price: ?

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950 1st #7 Hermosa Beach, CA 90254

6,743 Sqft Lot

SOLD DATE : 09/27/2022

Key Details

Sold Price $3,525,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22149898

Sold Date 09/27/22

HOA Y/N No

Year Built 1964

Lot Size 6,743 Sqft

Property Description

Incredible investment opportunity 7-Unit building w Ocean Views 9 blocks or .7 miles to world-famous beaches and a short walk to Downtown Hermosa for dining, entertainment, shopping more. Built in 1964, 2 buildings totaling 4899 sq. ft on a 6742 SF lot. Dimensions ~ 40' X 168' This Property features a 2 buildings with Five 1 bedroom 1 bath units, and Two 2 bedroom 1-bath unit. 5 units have some Ocean views. The property also includes 7 garages with storage and an on-site laundry room. The building offers strong rental upside potential in a high demand area. The building has been well kept and most tenant are long term. Given the location in a high rental demand, consistent income this building provides, this is a great opportunity to own a quality income producing asset in wonderful Hermosa Beach for any real estate investor. (not to mention possible future condo site* -buyers please confirm w city) There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property. Any Questions please contact listing brokers. Please email offers with proof of funds and a pre-approval from the direct lender if financing needed. Sold "As-Is" & "Where-Is". Seller's choice of all services.

Location

State CA

County Los Angeles

Area 150 - Hermosa Bch East

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

View Y/N Yes

View Ocean

Total Parking Spaces 7

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4166031013

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by Christopher Ponsonby • The Real Estate Store
Bought with Jonathan Weir • Marcus & Millichap

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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