1731 Pacific Coast Highway

Hermosa Beach, CA 90254

$11,950,000
Price
40
Beds
20
Baths
16,211 Sq. Ft.
$737 / Sq. Ft.
16,211
Sq. Ft.
$737
per Sq. Ft.

Description

A+ beach city trophy location | 30% rental upside | ocean facing units | equipped with solar panels | 40 parking spots | no local rent control - ab 1482 | 2 blocks from pier avenue | all 2-bed/1-bath units | 3.53% in place cap | pro-forma cap of 5.01%A+ beach city trophy location | 30% rental upside | ocean facing units | equipped with solar panels | 40 parking spots | no local rent control - ab 1482 | 2 blocks from pier avenue | all 2-bed/1-bath units | 3.53% in place cap | pro-forma cap of 5.01%
  1. Listed by Gianluca Jacoli • DRE #01938297 • Brokerage DRE #01856803 • Shield CRE, Inc.

Property Details for 1731 Pacific Coast Highway

Zoning
HBR3YY
Cross Streets
Pacific Coast Highway & 18th Street
Parcel Number
4184025012
Total Units
20.0
Living Area
16211
Source Living Area
Estimated
Area
Hermosa Beach Valley (149)
Vacancy Rate
0

Location

Listing Courtesy of Shield CRE, Inc., Gianluca Jacoli, DRE #01938297
Add your commute
LISTING UPDATED: 04/16/2024 05:40 PM

Property Details for 1731 Pacific Coast Highway

StatusActive
MLS #24-364047
Days on Market59
Taxes$119,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.43 AC / 18,591 SF
CountyLos Angeles County

Location

Listing Courtesy of Shield CRE, Inc., Gianluca Jacoli, DRE #01938297
Add your commute

Building Information for 1731 Pacific Coast Highway

Stories3Residences-Year Built1963Building Size-Lot Size0.43 AC / 18,591 SF

Payment Calculator

$75,174 per month

30 year fixed, 7.25% Interest

Principal and Interest

$65,216

Property Taxes

$9,958

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1731 Pacific Coast Highway

Community / Development
Community / Development
  • Number Of Units: 20
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: 2+1
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $633,274
  • Net Operating Income: $421,746.00
  • Gross Income: $652,860
  • Cap Rate: 3.53%
  • Gross Rent Multiplier: $18.39
  • Actual Annual Gross Rent: $649,860.00
  • Actual Gross Annual Income: $652,860
  • Actual Rent Total: $649,860.00
  • Vacancy Allow Dollar: $19,496.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 211618
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Paved: Yes
  • Lot Acreage: 0.4269
  • Lot Size Square Feet: 18591
  • Lot Size Dimensions: 64x290
  • Source Lot Size Dimensions: Other
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 40
  • Covered Parking: 40
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Attached
  • Laundry: Community, Room, Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,708.00
  • Unit Actual Rent: $54,805.00
  • Unit Projected Rent: $70,000.00
  • Like Units: 20
Unit Details
  • Unit Type Type: 2106
  • Number of Electric Meters: 20
  • Number of Gas Meters: 20
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.10%
  • Assessed Improvement Value: $1,735,813.00
  • Assessed Improvement Percent: 53.69
  • Assessed Land Value: $1,497,034.00
  • Assessed Land Percent: 46.31
  • Assessed Total Value: $3,232,847.00

Property History for 1731 Pacific Coast Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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1731 Pacific Coast Highway is a multi-family home for sale in Hermosa Beach, CA 90254. This property was listed for sale on March 1, 2024 by Shield CRE, Inc., it's currently listed at $11,950,000. This listing's school district is Hermosa Beach City Elementary School District. Nearby schools include Hermosa Valley Elementary School, Hermosa View Elementary School and Hope Chapel Academy. 1731 Pacific Coast Highway is a 40-bed, 20-bath, 16,211 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Shield CRE, Inc., Gianluca Jacoli, DRE #01938297

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.