1731 Pacific Coast Highway
1731 Pacific Coast Highway
$11,500,000
40
20
16,211
16,211
$709
Description
Price reduced by $450,000! This trophy asset features all 2-bedroom/1-bathroom units situated in an A+ Beach City location. The offering includes ocean-facing units, 40 parking spaces and the building is equipped with solar panels. Located in prime Hermosa Beach, the property is just two blocks from Pier Avenue. With no local rent control (AB 1482 only), there's potential for a 30% rental upside. Currently yielding a 3.71% cap rate, the pro-forma cap rate stands at 5.25%, making this an outstanding...Price reduced by $450,000! This trophy asset features all 2-bedroom/1-bathroom units situated in an A+ Beach City location. The offering includes ocean-facing units, 40 parking spaces and the building is equipped with solar panels. Located in prime Hermosa Beach, the property is just two blocks from Pier Avenue. With no local rent control (AB 1482 only), there's potential for a 30% rental upside. Currently yielding a 3.71% cap rate, the pro-forma cap rate stands at 5.25%, making this an outstanding investment opportunity. Seller will consider SELLER CARRY FINANCING for 3 to 5 years. Rate and terms are negotiable.
- Listed by Gianluca Jacoli • DRE #01938297 • Brokerage DRE #01856803 • Shield CRE, Inc.
Property Details for 1731 Pacific Coast Highway
Zoning
HBR3YY
Cross StreetsPacific Coast Highway & 18th Street
Parcel Number4184025012
Total Units20.0
Living Area16211
Source Living AreaEstimated
AreaHermosa Beach Valley (149)
Vacancy Rate0
Location
LISTING UPDATED: 05/21/2024 05:40 PM
Property Details for 1731 Pacific Coast Highway
Status | Active |
---|---|
MLS # | 24-364047 |
Days on Market | 92 |
Taxes | $115,000 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
Lot Size | 0.43 AC / 18,591 SF |
County | Los Angeles County |
Location
Building Information for 1731 Pacific Coast Highway
Stories3Residences-Year Built1963Building Size-Lot Size0.43 AC / 18,591 SF
Payment Calculator
$72,344 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1731 Pacific Coast Highway
Property History for 1731 Pacific Coast Highway
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1731 Pacific Coast Highway
Taxable ValueLand$1,497,034Additions$1,738,023Total$3,235,057
Tax Record2023$40,168 ($3,347 / month)
Home Facts
Total Finished SqFt16,211 SqFtAbove Grade Finished SqFt16,211 SqFtLot Size18,591 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningHBR3YYCountyLOS ANGELESAPN4184-025-012
Schools near 1731 Pacific Coast Highway
This home is within Hermosa Beach City Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 4 to 8 | |||
Public - | K to 3 | |||
Private - | K to 12 | |||
Private - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Hermosa Valley Elementary School Public4 to 8 | ||
Hermosa View Elementary School PublicK to 3 | ||
Hope Chapel Academy PrivateK to 12 | ||
Fusion Academy Sb: South Bay Private6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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