71 19th St, Hermosa Beach, CA 90254
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71 19th St, Hermosa Beach, CA 90254
71 19th St, Hermosa Beach, CA 90254
71 19th St, Hermosa Beach, CA 90254
71 19th St, Hermosa Beach, CA 90254
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$ 4,750,000
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71 19th St Hermosa Beach, CA 90254

7 Beds

7 Baths

4,032 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $1,178

MLS Listing ID 26853499

Bedrooms 7

Year Built 1950

Lot Size 2,848 Sqft

Acres 0.0654

Property Sub-Type Multi-Family

Property Description

71 19th Street in Hermosa Beach is a seven-unit apartment building on a walk street located just steps from the beach, Hermosa Pier, restaurants, retail, and everything that makes Hermosa Beach one of Southern California's most sought-after rental markets. Investment Highlights include *Seven (7) 1 Bed / 1 Bath units *Two units delivered vacant at closing *Significant rental upside with existing rents below market *Opportunity to immediately renovate and lease vacant units at market rates *Capitalize on a furnished short-term rental strategy for the vacant units (download OM to read about the recent overturning of short term rental ban in Hermosa Beach) *Potential additional income from 3 vacant garages that sellers have been using (each were fetching $200/mo over 10 years ago) *Exceptional walkability, literally just steps from the sand and pier *Strong long-term appreciation fundamentals driven by limited multifamily supply and high barriers to entry on the coast. *Balcony inspection completed and passed. What makes this opportunity particularly compelling is the ability for a new owner to immediately begin executing a value-add strategy. With two vacant units delivered at closing, investors can renovate, establish new market-rate rents or execute a short term rental strategy, and create a blueprint for future rent growth throughout the property. In a market where tenant turnover can take years to achieve, acquiring a coastal asset with immediate vacancy and meaningful upside is an ideal rarity. Beyond the operational opportunity, investors benefit from the wealth-building advantages of owning an irreplaceable coastal multifamily asset, long-term appreciation potential, depreciation benefits, and the ability to preserve capital in one of Los Angeles County's most supply-constrained submarkets.

Location

State CA

County Los Angeles

Area Hermosa Beach Sand

Zoning HBR2B*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Garage - 2 Car, Garage - 1 Car

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
Premier Agent Network

Premier Agent Network

Broker | License ID: 01932176

+1(877) 663-9366

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71 19th St