150 10th St, Hermosa Beach, CA 90254

$6,700,000
12
BD
11
BA
6,763
SqFt
Sold Price
$6,700,000
List Price
$6,995,000
Closing Date
Jul 29, 2022
MLS#
22-127457
Status
SOLD
Type
Multifamily
Bedrooms
12
Bathrooms
11
Living Area
6,763

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

Additional Information

Year Built
1961
Garage
Garage

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Shield CRE, Inc., Jonathan Nikfarjam. Selling Office: .

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