916 1st Street Hermosa Beach, CA $ 2,995,000
916 1st Street
$ 2,995,000
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916 1st Street

Hermosa Beach, CA, 90254
$ 2,995,000
Bedrooms10 Baths5.0 Sq 3,838

Monthly Estimate*

$ 20,921

Listed by Real Brokerage Technologies, Inc.
916 1st Street, Hermosa Beach, CA 90254 - Image 1
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916 1st Street, Hermosa Beach, CA 90254 - Image 8
916 1st Street, Hermosa Beach, CA 90254 - Image 9
916 1st Street, Hermosa Beach, CA 90254 - Image 10
916 1st Street, Hermosa Beach, CA 90254 - Image 11
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916 1st Street, Hermosa Beach, CA 90254 - Image 13
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916 1st Street, Hermosa Beach, CA 90254 - Image 17
916 1st Street, Hermosa Beach, CA 90254 - Image 18

Multi-Family Home for sale in Hermosa Beach, CA

for $2,995,000 with 10 bedrooms and 5 full baths. This 3,838 square foot home was built in 1965 on a lot size of 0.1551.

Introducing 916 1st Street, a rare opportunity to own a multi-unit property in the coveted Hermosa Beach area. First time on the market since 1977, this property presents an excellent investment potential with its four units, offering a total of 10 bedrooms and 5 bathrooms spread across 3,835 square feet of living space. The units consist of four well-appointed units: three 2-bedroom, 1-bathroom units, each spanning 850 square feet, and one spacious 4-bedroom, 2-bathroom unit boasting 1,285 square feet. With laminate flooring throughout and new carpet in the bedrooms, each unit provides comfortable living spaces. Convenience is key with four garage spots and washer & dryer hookups available. Additionally, private patios offer serene outdoor areas to unwind and enjoy the coastal breeze. Situated on a generous lot spanning 6,757 square feet, this property offers ample space for residents to enjoy. Located just minutes from the beach and within walking distance to the vibrant King Harbor Plaza and pier, residents can indulge in the vibrant beach lifestyle that Hermosa Beach is renowned for. Don't miss this chance to own a piece of Hermosa Beach real estate and capitalize on its prime location and investment potential!

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Multi-Family Active

Price

$ 2,995,000

Bedrooms

10

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1551

Year Built

1965

Town/City

Hermosa Beach

County/Region

Los Angeles

MLS | Web ID

SR24042910

Days on Market

45

Features
General
Interior Features Balcony CeilingFans CrownMolding RecessedLighting Storage BedroomonMainLevel MainLevelPrimary
Sewer PublicSewer
Heating WallFurnace
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected SeeRemarks WaterConnected
Appliances GasOven GasRange WaterHeater
Zoning HBRPYY
Garage Spaces 4.0
Architectural Style Other
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1965
Tenant Pays CableTV Electricity Gas Telephone
View Neighborhood
Property SubType Quadruplex
Gross Income 138732.0
Community Features Biking Curbs StormDrains StreetLights Sidewalks
Accessibility Parking
County Los Angeles
Net Operating Income 112891.0
Operating Expense 25841.2
Insurance Expense 6000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency SUBJECT to INSPECTION with accepted offer. DRIVE BY ONLY. DO NOT DISTURB TENANTS.
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions West on Anita St North on Pacific Coast Hwy right on first St and property will be on your right.
City Hermosa Beach
Entry Location 1
View Y/N Y
Senior Community Y/N N
Total Units 4
MLS Area 150 - Hermosa Bch East
Lot Size Square Feet 6757.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name 1st
Listing Terms Cash Conventional Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 500.0
Water Sewer Expense 1922.2
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 24
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Year Built Source Assessor
Tax Lot 13
Total Actual Rent 138732.0
Property Sub Type Additional Quadruplex
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Interior
Flooring Carpet Laminate
Total Stories 2
Common Walls Item1CommonWall EndUnit NoOneAbove NoOneBelow
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup GasDryerHookup SeeRemarks
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features Assigned Driveway Garage
Lot Features Item25UnitsAcre
Water Source Public
Total Parking 4.0
Lot Size Area 6757.0
Number of Buildings 1
Spa N
Building Area Total 3838.0
Lot Size Acres 0.1551
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 916
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* Excluded Features
List By
Real Brokerage Technologies, Inc.

Broker

(310) 702-0128

Phone

Affordability Calculator

$20,921
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,921
Monthly Property Taxes
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Monthly Home Insurance
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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
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2024$2,995,000 Listed Price

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916 1st Street, Hermosa Beach, CA, 90254 is a Multi-Family Home for sale at $2,995,000 with 3,838 sqft and a lot size of 0.1551. 916 1st Street has 10 bedrooms, 5.0 baths, and was built in 1965. The property's zip code is 90254 which is in Hermosa Beach, CA