1731 Pacific Coast Highway, Hermosa Beach

Hermosa Beach Home For Sale

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.

Property Details

1731 Pacific Coast HighwaySquare Ft: 16,211Lot Size: 0.43Bedrooms: 2Bathrooms: 1Price: $11,500,000Zip: 90254
MLS® #: 24364047Levels: Multi/SplitSchool District: Days on Market: 82Listed By: Gianluca Jacoli, Shield CRE, Inc.

Sales Agent

Beach Cities Real Estate
  • Beach Cities Real Estate
  • Phone: (888) 990-7111
  • Cell: (888) 990-7111
  • Contact Agent Now

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Additional Information

  • City:
    Hermosa Beach
  • County:
    Los Angeles
  • Zip:
  • MLS® #:
  • Bedrooms:
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Price Change History for 1731 Pacific Coast Highway, Hermosa Beach, (MLS® #24364047)

Date Details Price Change
Price Reduced (from $11,950,000) $11,500,000 $450,000 (3.77%)
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Based on information from California Regional Multiple Listing Service, Inc. as of May 23rd, 2024 at 5:21pm 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.