Listed by Jonathan Weir, Marcus & Millichap,

630 3rd Street

Hermosa Beach, CA, 90254

$3,499,000

$709 per ft²
$3,499,000
$709 per ft²
Active
Active
 - For Sale
beds
8 Beds
baths
8 Baths
carpenters-square
4,930 ft²
property_type
Multi-family
calendar
Built 1986
As of Sep 28 another huge price reduction Of $301,000. MASSIVE $350k PRICE REDUCTION AS OF SEP 14th. We are pleased to announce our newest listing in the city of Hermosa Beach. Investors looking for top quality real estate with superior floorplans and tenant amenities look no further. This property has undergone significant renovations and all the hard work has already been done. The new owner will benefit from previous owners replacing all the electrical, plumbing, windows, railings, and two of the interior units. Located in the heart of it all, a new investor will benefit greatly from long-term appreciation . The property has 8 parking spots (2 per unit), all large 2b2b units and the lowest price per foot deal in Hermosa Beach. West of PCH and walking distance to the beach. This property has the lowest price per foot of only $770 and with all rents at market operates just under a 5% CAP.
MLS® ID:
22193833
Listed:
8/25/22
Updated:
9/29/22

Interior Features

Kitchen Appliances
Dishwasher, Refrigerator
Total Bedrooms
8
Total Bathrooms
8
Interior Features
Cathedral Ceiling(s)
Fireplace
Living Room
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
4,843 ft² lot
Exterior Features
Enclosed

Other Property Details

Area Name
149 - Hermosa Bch Valley
Garage
Yes
Parking
Garage
Parking Total
3.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
HBR3YY

Property History

Date
Event
Price
Value
9/28/22
Price Change
$3,499,000
-7%
9/14/22
Price Change
$3,800,000
-8%

 

Listed by Jonathan Weir, Marcus & Millichap,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/29/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 8:52 PM UTC, 9/29/22

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