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Multifamily

630 3rd St

630 3rd St, Hermosa Beach, CA 90254

Listing Price: $3,375,000

Cap Rate
3.43%
Number of Units
4
Occupancy
100.0%
Price/Unit
$843,750
Price/Gross SF
$684.58
Gross SF
4,930

Investment Overview

We are pleased to present, as an exclusive advisor, 630 3rd St, a 4 unit in the highly desirable Hermosa Beach submarket. The property is west of PCH and seconds from the Green Belt. The building is estimated 4,930 sqft with massive units . Each unit is a 2b2b townhome with two garages per unit. A new owner can benefit from a rare coastal market acquisition, newer construction relative to other properties in the area, a nice building that can be taken a “step further”, and a low price per foot compared to other sales in the beach cities. Two units have been renovated, all new windows, electrical, plumbing, newer roof, railings, and more. The property is fully occupied and estimated 43% upside in rents.

Investment Highlights

  • Estimated 43% Upside in Rents
  • 1986 Construction
  • Each Unit Gets a Double Car Garage
  • Very Walkable 89 Walk Score
  • 100% 2 Bedroom 2 Bathroom Townhomes

Exclusively Listed By

Financing By

Multifamily

630 3rd St

Listing Price: $3,375,000

Cap Rate
3.43%
Number of Units
4
Occupancy
100.0%
Price/Unit
$843,750
Price/Gross SF
$684.58
Gross SF
4,930

Investment Highlights

  • Estimated 43% Upside in Rents
  • 1986 Construction
  • Each Unit Gets a Double Car Garage
  • Very Walkable 89 Walk Score
  • 100% 2 Bedroom 2 Bathroom Townhomes

Investment Overview

We are pleased to present, as an exclusive advisor, 630 3rd St, a 4 unit in the highly desirable Hermosa Beach submarket. The property is west of PCH and seconds from the Green Belt. The building is estimated 4,930 sqft with massive units . Each unit is a 2b2b townhome with two garages per unit. A new owner can benefit from a rare coastal market acquisition, newer construction relative to other properties in the area, a nice building that can be taken a “step further”, and a low price per foot compared to other sales in the beach cities. Two units have been renovated, all new windows, electrical, plumbing, newer roof, railings, and more. The property is fully occupied and estimated 43% upside in rents.

Exclusively Listed By

Financing By

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