1731 Pacific Coast Highway Hermosa Beach, CA ^$ 11,500,000

1731 Pacific Coast Highway

^$ 11,500,000

Back to search

1731 Pacific Coast Highway

Hermosa Beach, CA, 90254

^$ 11,500,000

Bedrooms40 Baths20.0 Sq 16,211

Monthly Estimate*

^$ 76,433

Listed by Shield CRE, Inc.

1731 Pacific Coast Highway, Hermosa Beach, CA 90254 - Image 1

1731 Pacific Coast Highway, Hermosa Beach, CA 90254 - Image 2

1731 Pacific Coast Highway, Hermosa Beach, CA 90254 - Image 3

1731 Pacific Coast Highway, Hermosa Beach, CA 90254 - Image 4

1731 Pacific Coast Highway, Hermosa Beach, CA 90254 - Image 5

1731 Pacific Coast Highway, Hermosa Beach, CA 90254 - Image 6

Multi-Family Home for sale in Hermosa Beach, CA

for $11,500,000 with 40 bedrooms and 20 full baths. This 16,211 square foot home was built in 1963 on a lot size of 0.4268.

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.

Multi-Family Active

Price

^$ 11,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.4268

Year Built

1963

Town/City

Hermosa Beach

County/Region

Los Angeles

MLS | Web ID

24364047

Days on Market

Features

General

Zoning HBR3YY

Year Built 1963

Levels MultiSplit

Gross Income 652860.0

County Los Angeles

Net Operating Income 426247.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions North of Pier Avenue West of Prospect Avenue East of Ardmore Avenue South of Gould Avenue

City Hermosa Beach

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 20

MLS Area 149 - Hermosa Bch Valley

Lot Size Units SquareFeet

Lot Size Square Feet 18591.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Pacific Coast

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 81

Standard Status Active

Year Built Source Estimated

Cap Rate 3.71

Exterior

Parking Features Covered

Total Parking 40.0

Lot Size Area 18591.0

Number of Buildings 1

Spa N

Building Area Total 16211.0

Lot Dimensions 64x290

Lot Size Acres 0.4268

Lot Size Source Estimated

Number of Separate Gas Meters 20

Number of Separate Electric Meters 20

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 3

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Highway

Laundry Features CommonArea LaundryRoom

Total Bedrooms 40

Electric On Property Y/N N

Total Baths 20

Internal Only

Street Number 1 1731

* Excluded Features

List By

Shield Cre, Inc.

Broker

(310) 593-9861

Phone

Affordability Calculator

$76,433

Per Month

Monthly Principal & Interest: $76,433
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in Hermosa Beach, CA

Average List Price ^$5,250,750

Percent of Sale Price 54%

About Hermosa Beach, CA

19,507 Population

6% Since 2002

^$126,294 Median Income

40.13 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/22/2024	$11,500,000	-3.77%	Price Down
3/2/2024	$11,950,000		Listed Price

Map

More homes like this one

homes for you

See all

1731 Pacific Coast Highway, Hermosa Beach, CA, 90254 is a Multi-Family Home for sale at $11,500,000 with 16,211 sqft and a lot size of 0.4268. 1731 Pacific Coast Highway has 40 bedrooms, 20.0 baths, and was built in 1963. The property's zip code is 90254 which is in Hermosa Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/1/2024. 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, 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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1731 Pacific Coast Highway

Multi-Family Home for sale in Hermosa Beach, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home