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

 

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