Sold
635 8th Place
Hermosa Beach CA, 90254
$3,220,000
$735.83 per sqft
Sold
8 Beds
6 Baths
4,376 sqft
Residential
Built in 1948
Listed by Daniel Shieh with Lyon Stahl Investment Real Estate, Inc. 310-425-9838
635-643 8th Pl is the rare opportunity to own a 6-unit multifamily asset on a large 7,520 sq ft lot west of PCH in Hermosa Beach. The property will be delivered with 2 vacant units. Factoring in $100,000 in renovation costs, the property will operate at a 4% cap rate, with a 5.5% cap rate at market. Tenants have the luxury of an onsite laundry room and garage parking. Individually metered for gas and electric, the landlord has low operating expenses. ADU potential in the garages and/or backyard (buyer/buyer's agent to verify). With a 87 WalkScore, tenants enjoy close proximity to the beach, Hermosa Beach Pier, PCH, recreation facilities, and the Greenbelt.
22221151
MLSⓇ ID
November 29, 2022
Listed
March 23, 2024
Updated
Map
635 8th Place
Hermosa Beach CA, 90254
Interior Features
Total Stories
2
Bedrooms
8 Beds
Bathrooms
6 Baths
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Other Property Details
Area Name
149 - Hermosa Bch Valley
Days on Market
17
Garage
Yes
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
HBR2YY
Buyer Agency Compensation
2.5%
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 3/23/2024 at 1:18 AM UTC