630 3rd Street Hermosa Beach, CA ^$ 3,500,000

630 3rd Street

^$ 3,500,000

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630 3rd Street

Hermosa Beach, CA, 90254

^$ 3,500,000

Studio Baths0.0 Sq 4,930

Monthly Estimate*

^$ 24,449

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Studio

Multi-Family Home for sale in Hermosa Beach, CA

for $3,500,000. This 4,930 square foot home was built in 1986 on a lot size of 0.11.

As of Sep 28 another huge price reduction Of $301,000. MASSIVE $350k PRICE REDUCTION AS OF SEP 14th. We are pleased to announce our newest listing in the city of Hermosa Beach. Investors looking for top quality real estate with superior floorplans and tenant amenities look no further. This property has undergone significant renovations and all the hard work has already been done. The new owner will benefit from previous owners replacing all the electrical, plumbing, windows, railings, and two of the interior units. Located in the heart of it all, a new investor will benefit greatly from long-term appreciation . The property has 8 parking spots (2 per unit), all large 2b2b units and the lowest price per foot deal in Hermosa Beach. West of PCH and walking distance to the beach. This property has the lowest price per foot of only $770 and with all rents at market operates just under a 5% CAP.

Multi-Family Active

Price

^$ 3,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.11

Year Built

1986

Town/City

Hermosa Beach

County/Region

Los Angeles

MLS | Web ID

0022193833

Features

General

Interior Features Cathedral Ceiling(s)

Heating Wall Furnace

Zoning HBR3YY

Year Built 1986

County Los Angeles

Net Operating Income 105985.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Hermosa Beach

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area 149 - Hermosa Beach Valley

Lot Size Square Feet 4843.0

Street Name 3rd

Standard Status Active

Year Built Source Assessor

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Dishwasher Refrigerator

Fireplace Features Living Room

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Fireplace Y/N Yes

Street Suffix Street

Total Baths 0

Exterior

Parking Features Garage

Lot Size Area 4843.0

Foundation Details None

Building Area Total 4930.0

Lot Dimensions 40x115

Lot Size Acres 0.11

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Jonathan Weir

Listing Agent

Marcus & Millichap

Broker

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$24,449

Per Month

Monthly Principal & Interest: $24,449
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Hermosa Beach, CA

Average List Price ^$5,248,529

Percent of Sale Price 50%

About Hermosa Beach, CA

19,507 Population

6% Since 2002

^$126,294 Median Income

40.13 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/19/2022	$3,275,000	-6.40%	Price Down
9/29/2022	$3,499,000	-7.92%	Price Down
9/15/2022	$3,800,000	-8.43%	Price Down
8/27/2022	$4,150,000		Listed Price

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630 3rd Street, Hermosa Beach, CA, 90254 is a Multi-Family Home for sale at $3,500,000 with 4,930 sqft and a lot size of 0.11. 630 3rd Street is a studio with 0.0 baths and was built in 1986. The property's zip code is 90254 which is in Hermosa Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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630 3rd Street

Multi-Family Home for sale in Hermosa Beach, CA

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