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Multifamily HUD

10th Street Apartments

59 10th St, Hermosa Beach, CA 90254

Listing Price: $6,700,000

Cap Rate
2.04%
Number of Units
8
Occupancy
97.0%
Price/Unit
$837,500
Price/Gross SF
$1,675.00
Gross SF
4,000

Investment Overview

The South Bay-Long Beach area of southwestern Los Angeles County contains 21 miles of coastline between Long Beach and El Segundo and includes Los Angeles International Airport, the Port of Los Angeles and the Port of Long Beach. The region boasts a population of more than 1.3 million and is projected to add roughly 22,000 residents through 2025. High home values allow just half of households to afford to own their home, generating a large rental market.

Investment Highlights

  • Premier Coastal Location
  • Steps To The Beach
  • Entertainment. Retail Shopping and Restaurants Within Walking Distance
  • 10 to 15 Percent Rental Upside
  • 10 Garages
  • One Block From The Sand And The Hermosa Pier

Exclusively Listed By

Multifamily HUD

10th Street Apartments

Listing Price: $6,700,000

Cap Rate
2.04%
Number of Units
8
Occupancy
97.0%
Price/Unit
$837,500
Price/Gross SF
$1,675.00
Gross SF
4,000

Investment Highlights

  • Premier Coastal Location
  • Steps To The Beach
  • Entertainment. Retail Shopping and Restaurants Within Walking Distance
  • 10 to 15 Percent Rental Upside
  • 10 Garages
  • One Block From The Sand And The Hermosa Pier

Investment Overview

The South Bay-Long Beach area of southwestern Los Angeles County contains 21 miles of coastline between Long Beach and El Segundo and includes Los Angeles International Airport, the Port of Los Angeles and the Port of Long Beach. The region boasts a population of more than 1.3 million and is projected to add roughly 22,000 residents through 2025. High home values allow just half of households to afford to own their home, generating a large rental market.

Exclusively Listed By

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