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32 16 ST Hermosa Beach, CA 90254
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Key Details
Sold Price $4,200,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22135138
Sold Date 08/01/22
HOA Y/N No
Year Built 1923
Lot Size 3,532 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBR2B2
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking
Total Parking Spaces 3
Private Pool No
Building
Lot Description Walkstreet
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4183005028
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with J.Woody Stahl Lyon Stahl Investment Real Estate, Inc.