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