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Multifamily

630 3rd St

630 3rd St, Hermosa Beach, CA 90254

Listing Price: $4,150,000

Cap Rate
2.55%
Number of Units
4
Occupancy
100.0%
Price/Unit
$1,037,500
Price/Gross SF
$841.78
Gross SF
4,930

Investment Overview

Marcus & Millichap is pleased to present, as exclusive advisor, 630 3rd Street, a 4-unit investment property in Hermosa Beach, California. The property is located between Ardmore Avenue and Pacific Coast Highway walking distance from the Green Belt and South Park. This area is a solid majority-renter market with low vacancy rates. 630 3rd Street consists of four 2 bedroom 2 bathroom units. All of the units are separately metered for gas and electricity. The property also offers three garage parking spaces in addition to covered parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Investment Highlights

  • Four 2 Bedroom 2 Bathroom Unit
  • Garage and Covered Parking
  • A Potential 64% Mark-to-Market Opportunity
  • Very Walkable 89 Walk Score
  • Walking Distance to the Beach

Exclusively Listed By

Multifamily

630 3rd St

Listing Price: $4,150,000

Cap Rate
2.55%
Number of Units
4
Occupancy
100.0%
Price/Unit
$1,037,500
Price/Gross SF
$841.78
Gross SF
4,930

Investment Highlights

  • Four 2 Bedroom 2 Bathroom Unit
  • Garage and Covered Parking
  • A Potential 64% Mark-to-Market Opportunity
  • Very Walkable 89 Walk Score
  • Walking Distance to the Beach

Investment Overview

Marcus & Millichap is pleased to present, as exclusive advisor, 630 3rd Street, a 4-unit investment property in Hermosa Beach, California. The property is located between Ardmore Avenue and Pacific Coast Highway walking distance from the Green Belt and South Park. This area is a solid majority-renter market with low vacancy rates. 630 3rd Street consists of four 2 bedroom 2 bathroom units. All of the units are separately metered for gas and electricity. The property also offers three garage parking spaces in addition to covered parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Exclusively Listed By

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