3,001 Sqft Lot
3,001 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID SB26243177
HOA Y/N No
Year Built 1973
Annual Tax Amount $18,689
Lot Size 3,001 Sqft
Property Sub-Type Duplex
Property Description
Unit 1 (1+1) is a fully furnished, successful operating Airbnb at $3,800 per month; Unit 2 (2+2) is delivered vacant. With both units run as Airbnbs (Unit 2 at $6,500 per month), scheduled income of $123,600 implies a 5.42% cap rate and 13.75 GRM at the $1,699,000 asking price.
Hermosa Beach is one of the South Bay's most enduring residential markets. This walkable coastal city is defined by the Strand, Pier Plaza, dining, shops, and everyday amenities within minutes of the sand. Limited inventory, owner-occupier interest, and year-round visitor traffic support both long-term and short-term rental strategies.
With Unit 1 operating as a short-term rental, a buyer may benefit from a cost segregation and bonus depreciation strategy. Consult your tax advisor. The STR scenario offers an uncommon South Bay income profile.
Location
State CA
County Los Angeles
Area 150 - Hermosa Bch East
Zoning HBC2
Interior
Fireplace No
Laundry Inside, In Garage
Exterior
Parking Features Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Street Lights, Suburban, Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Back Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4184003024
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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