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150 10TH St

Hermosa Beach, CA 90254
  • $6,995,000
  • STATUS: Active Under Contract
  • ON SITE: 135 Days
  • ID#: 22-127457
Under Contract
UPDATED: 85 min ago
$6,995,000
  • 12
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,763
    SQFT
  • $1,034
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

Price Reduced by Over $500,000 | A+ Location in the Heart of Hermosa Beach - Just 700 Feet from the Ocean | One Block from Both Pier Avenue & Hermosa Avenue, Two Blocks from the Hermosa Beach Pier | Significant Value-Add Potential - Approximately 71% in Rental Upside | 4.56% Pro-Forma Cap Rate & 16.01 Pro-Forma GRM | (One) 3-Bedroom/2-Bathroom Unit & (Nine) 1-Bedroom/1-Bathroom Units | Close Proximity to the Dining, Retail, & Entertainment Options of Pier Avenue, Hermosa Avenue, King Harbor, & the Hermosa Beach Pier | 10 Private Garages, Private Balconies & Enclosed Private Patios | 5,988-Square Foot Corner Lot Corner of 10th Street & Manhattan Avenue

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-30T08:42:35.56. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/125800229
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150 10TH St Hermosa Beach, CA 90254

  • Price: $6,995,000
  • Status: Active Under Contract
  • On Site: 135 Days
  • Updated: 85 min ago
  • ID#: 22-127457
12
Beds
0
Baths
0
½ Baths
0.14
Acres
6,763
SQFT
$1,034
$/SQFT
1961
Built
Neighborhood:
Hermosa Beach Sand
County:
Los Angeles
Area:
Hermosa Beach Sand
Property Description
Price Reduced by Over $500,000 | A+ Location in the Heart of Hermosa Beach - Just 700 Feet from the Ocean | One Block from Both Pier Avenue & Hermosa Avenue, Two Blocks from the Hermosa Beach Pier | Significant Value-Add Potential - Approximately 71% in Rental Upside | 4.56% Pro-Forma Cap Rate & 16.01 Pro-Forma GRM | (One) 3-Bedroom/2-Bathroom Unit & (Nine) 1-Bedroom/1-Bathroom Units | Close Proximity to the Dining, Retail, & Entertainment Options of Pier Avenue, Hermosa Avenue, King Harbor, & the Hermosa Beach Pier | 10 Private Garages, Private Balconies & Enclosed Private Patios | 5,988-Square Foot Corner Lot Corner of 10th Street & Manhattan Avenue
Exterior Features

Cross Streets 10th Street & Manhattan Avenue Garage Structures Total 10 Lot Size Area 5988 Other Structures Other Parking Garage Garage Paved YN Yes Total Parking 10

Interior Features

Baths Total 11.00 Common Walls Attached Cooling Other Equipment Other Heating Other

Property Features

Alley YN Yes Assessed Total Value 463836 Gross Income 255207 Gross Operating Income 247551 Like Units1 1 Like Units2 9 Net Operating Income 142100.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Tax Total 87438.00 Total Annual Expense 105451 Type Of Units 3 + 21 + 1 Year Built Source Estimated Zoning Hbr3yy

Listing provided courtesy of Jonathan Nikfarjam DRE#01856803 of Shield Cre, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-30T08:42:35.56. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064