Alta Realty Group Ca, Inc
Tom Fecske, Alta Realty Group Ca, IncPhone: (213) 219-9098
Email: tom.altarealty@gmail.com
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listing
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Residential IncomeFor Sale
$11,500,000
1731 Pacific Coast Highway
Hermosa Beach, CA 90254
Listed by Gianluca Jacoli DRE#01938297 luca@shieldcre.com Shield Cre, Inc.
MLS: California Regional MLS (CRMLS)
40Beds
20Baths
16,211Sq Ft
Est. Mortgage
$59,461/mo

Price reduced by $450,000! This trophy asset features all 2-bedroom/1-bathroom units situated in an A+ Beach City location. The offering includes ocean-facing units, 40 parking spaces and the building is equipped with solar panels. Located in prime Hermosa Beach, the property is just two blocks from Pier Avenue. With no local rent control (AB 1482 only), there's potential for a 30% rental upside. Currently yielding a 3.71% cap rate, the pro-forma cap rate stands at 5.25%, making this an outstanding investment opportunity. Seller will consider SELLER CARRY FINANCING for 3 to 5 years. Rate and terms are negotiable.

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Information courtesy of Shield Cre, Inc. is subject to verification and is not guaranteed.
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