Listed by John II with Lyon Stahl Investment Real Estate, Inc.

1731 Pacific Coast Hwy

Hermosa Beach, CA, 90254

$12,000,000

$740 per ft²
$12,000,000
$740 per ft²
Active
Active
 - For Sale
carpenters-square
16,211 ft²
property_type
Multi-family
calendar
Built 1963
The Oceanus in Hermosa Beach is a rare opportunity to purchase a large building in an exclusive beach community in the greater South Bay area of Los Angeles. The 16,211 SqFt building sits on a huge, 18,591 SqFt Lot and boasts a total of 20 Two-Bedroom, One-Bathroom units. With 40 Parking Spaces total, every unit has been allocated two parking spots each. The tenants also have access to the private pool on the property. This building has been maintained meticulously by the current owner, who has newly installed solar panels on the roof, two washer/dryer rooms, and heating apparatuses. This trophy building is located right in the heart of Downtown Hermosa and is in walking distance to countless restaurants, gyms, grocery stores, and the beach. This opportunity is perfect for any long-term investor looking to place their money in a rare, constantly appreciating asset.
MLS® ID:
SB23030968
Listed:
2/22/23
Updated:
4/1/23
RE/MAX Estate Properties
Bill Ruane

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.43 acres lot
Lot Details
0-1 Unit/Acre
Sewer
Public Sewer

Other Property Details

Area Name
149 - Hermosa Bch Valley
Taxes
$39461
Tax Frequency
per YEAR
Association Amenities
Biking, Storm Drain(s), Street Lights, Suburban, Sidewalks, Urban, Water Sports
Garage
No
Parking
Attached Carport
Parking Total
40.0
View
N
County
Los Angeles
Water Source
Public
Pool
Yes
Pool Description
Private
Total Stories
2
Zoning
HBR3YY
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/1/23. 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 4/1/23 at 7:46 AM UTC

RE/MAX Estate Properties
Bill Ruane
Contact