600 1st Street

Hermosa Beach, CA 90254

$2,975,000

Closed

  • 3,932Sq. Ft.
  • 4,397Lot Size (Sq.Ft.)

600 1st St in Hermosa Beach is a townhouse style 4-unit property built in 1987. The building consists of all 2-Bed/2-Bath units with nearly 1,000 square feet per unit. Select units feature ocean and Palos Verdes views, with a combined living area of 3,932 square feet on a 4,397 square foot lot. Each unit also contains two garage spaces and the rear unit was recently remodeled with brand new countertops and appliances. This well-maintained building is West of PCH in one of the strongest rental markets in California, just a few blocks from King Harbor Marina and all the amenities in Downtown Hermosa Beach. The property has fantastic in-place income and is near market rent for all units. This is an ideal investment opportunity for a yield-focused investor interested in building equity in an A+ location.

Key Details

  • Type: Residential Income
  • Year Built: 1987
  • Days on Market: 5
  • Combined DOM* : 128
  • Close Date: January 9th, 2020
  • Status: Closed
  • Closed Price: $2,975,000
  • PPSF: $757
  • Orig. list price: $2,995,000
  • Date Listed: November 21st, 2019
  • MLS® #: SB19269004
  • APN: 4188027026
  • Special:

Additional Info

  • Stories: 1
  • Stories: One Level
  • Parking Spaces: 8
  • Garage Spaces: 8

Co-Agent

  • Agent: Brett Lyon
  • Office: Lyon Stahl Investment Real Estate, Inc.

Community Information

  • Area: Hermosa Beach Valley (149)
  • City/State: Hermosa Beach, CA
  • Zip Code: 90254
  • County: Los Angeles

Exterior

  • Lot Description: Walkstreet
  • Lot Size (sq. ft.): 4,397
  • Lot Size (acres): 0.10

Interior

  • Square Footage: 3,932

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” it, or sellers may change agents when a property has failed to sell.

Price History for 600 1st Street, Hermosa Beach, CA (MLS® #SB19269004)

Date Details Price Change
Closed $2,975,000
Pending (from Active)
Property Listed $2,995,000

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Based on information from California Regional Multiple Listing Service, Inc. as of April 5th, 2020 at 9:17pm PDT. 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.