Sold

32 16 Street

Hermosa Beach CA, 90254

$4,200,000


$1,109.35 per sqft

Sold

3,786 sqft

Residential

Built in 1923

Listed by J.Woody Stahl with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

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.

SB22135138

MLS ID

June 21, 2022

Listed

March 23, 2024

Updated

Map

32 16 Street
Hermosa Beach CA, 90254

Interior Features

Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.08 Acres


Lot Features

Walkstreet


Sewer

Public Sewer

Other Property Details

Area Name

148 - Hermosa Bch Sand


Days on Market

10


Garage

Yes


Garage Spaces

3


Parking Total

3


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

HBR2B2


Buyer Agency Compensation

2%

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:31 AM UTC

 

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