32 16 Street, Hermosa Beach, CA 90254

$4,200,000
List Price
$4,200,000
Status
PENDING
MLS#
SB22135138
Year Built
1923
Lot Size
3,531
Acres
0.0811
Lot Location
Walkstreet
Days on Market
10
Property Type
Multifamily

Property Description

32 16th Street is a well-positioned 7-Unit building located on a walk street in prime Hermosa Beach only 3 parcels from the Strand. Built in 1923, the 3,786 SF building sits on a 3,531 SF lot, and features (6) 1-bed/1-bath units, and (1) 0-bed/1-bath unit. The building offers strong rental upside in a high demand area with a market cap of 4.30%. The property also includes on-site laundry and 3 single-car garages with a courtyard in between the buildings. Given the ideal location in a high-growth city and consistent income this building provides, this is a great opportunity to own a quality asset for any Los Angeles CRE investor.

Additional Information

Pool Description
None
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
7
Gross Scheduled Income
$172,190
Operating Expense
76116

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: J.Woody Stahl from Listing Office: Lyon Stahl Investment Real Estate, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.