600 1st Street

Hermosa Beach, CA 90254

$2,995,000

Status: Active

  • 4Units
  • 3,923SQ. Feet
  • 4,397Lot Sq. Ft.

A rare 4-unit opportunity in Hermosa Beach west of PCH. Well maintained building built in 1987. Four similar sized units (@1,000 sf). Some ocean and PV views. Located on a highly desirable neighborhood on a quiet street. Easy access to the beach, Redondo Marina, greenbelt and downtown Hermosa. A great long standing investment in one of the strongest rental markets in CA, if not the country. Room to increase rents closer to market. Unit #4 just rented at $3,250/mo, after modest improvements (new countertops and appliances). Unit#1 - has ocean view, front facing garage and guest spot, and has great upside with light freshening up of the unit. Units #2 & #3 could also get similar rents as well.

Key Info

  • TypeResidential Income
  • StatusActive
  • Year Built1987
  • Days on Market67
  • Price$2,995,000
  • Price/Sqft$763
  • Date ListedJuly 15th, 2019
  • MLS® #SB19167760

Interior

  • Square Footage3,923
  • Units4
  • Bathrooms0.00
  • # of Stories1
  • HeatingForced Air
  • CoolingNone
  • Parking Spaces8
  • Garage Spaces8

Listing Details

  • Listing AgentDunham Stewart(01006738)
  • Listing OfficeVista Sotheby’s Realty

Community Information

  • AreaHermosa Beach Valley (149)
  • CityHermosa Beach, CA
  • Zip Code90254
  • CountyLos Angeles

Exterior

  • Lot Sq. Ft.4,397

Price Change History for 600 1st Street, Hermosa Beach, CA (MLS® #SB19167760)

Date Details Change
Price Reduced from $3,100,000 to $2,995,000 $105,000 (3.39%)
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Based on information from California Regional Multiple Listing Service, Inc. as of September 21st, 2019 at 4:37am PDT. 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.