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$ 1,795,000
Est. payment /mo
New
563 2nd ST Hermosa Beach, CA 90254
2 Beds
3 Baths
1,145 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,145 sqft
Price per Sqft $1,567
MLS Listing ID 25589737
Bedrooms 2
HOA Y/N No
Year Built 1918
Lot Size 2,478 Sqft
Property Description
Discover this exceptional triplex property in the heart of Hermosa Beach, California, perfectly positioned just a few blocks from The Strand and the shimmering Pacific Ocean, embodying the essence of coastal luxury living. As a prime investment opportunity, this versatile asset offers strong potential for owner-occupancy, allowing you to reside in one unit while generating income from the others. With outstanding potential for Accessory Dwelling Units (ADUs), buyers can explore adding extra rentals to significantly boost revenuethough verification of feasibility is advised. Benefiting from favorable rent regulations, the property is exempt from Los Angeles City rent control and falls under AB 1482, enabling attractive annual rent increases to maximize returns. Its eligibility for standard residential financing makes it accessible to a broad spectrum of buyers, simplifying acquisition. Currently delivering robust income with a 2.73% cap rate and 22.23 GRM, it promises even greater upside through pro-forma projections of a 3.58% cap rate. The location's exceptional market appeal shines with proximity to King Harbor, Hermosa Beach Pier, Redondo Beach Pier, and vibrant Pier Avenue, providing endless beachside dining, shopping, and recreational options. Inside, enjoy modern amenities like a fully renovated studio unit and Unit C's private deck for enhanced comfort. Practical features include a spacious 2-car garage for secure parking and on-site laundry facilities that generate an additional $200 per month in passive income. This triplex combines immediate cash flow, growth potential, and an unbeatable seaside lifestyledon't miss out on this Hermosa Beach gem.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBR1YY
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 2.0
Garage Description 2.0
Porch Deck
Total Parking Spaces 2
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4188025003
Special Listing Condition Standard
Listed by Gianluca Jacoli Shield CRE, Inc.
