916 1st Street

Hermosa Beach, CA 90254

$2,995,000
Price
10
Beds
5
Baths
3,838 Sq. Ft.
$780 / Sq. Ft.
3,838
Sq. Ft.
$780
per Sq. Ft.

Description

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...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!
  1. Listed by Luke Smith • DRE #02037906 • Brokerage DRE #02022092 • Real Brokerage Technologies, Inc.

Property Details for 916 1st Street

Architectural Style
See Remarks
View
Neighborhood
Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3838

Location

Listing Courtesy of Real Brokerage Technologies, Inc., Luke Smith, DRE #02037906
Add your commute
LISTING UPDATED: 04/06/2024 02:24 PM

Property Details for 916 1st Street

StatusActive Under Contract
MLS #SR24042910
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.16 AC / 6,757 SF
CountyLos Angeles County

Location

Listing Courtesy of Real Brokerage Technologies, Inc., Luke Smith, DRE #02037906
Add your commute

Building Information for 916 1st Street

Stories2Residences-Year Built1965Building Size-Lot Size0.16 AC / 6,757 SF

Payment Calculator

$16,664 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,345

Property Taxes

$319

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 916 1st Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $138,732
  • Gross Scheduled Income: $138,732
  • Net Operating Income: $112,891
Expense Details
  • Operating Expense: $25,841
  • Pest Control Expense: $1,629
  • Insurance Expense: $6,000
  • Maintenance Expense: $9,540
  • Professional Management Expense: $6,250
  • Trash Expense: $500
  • Water Sewer Expense: $1,922
  • Total Expenses: $25,841
Tax / Assessment Info
  • Tax Tract Number: N/A
  • Tax Census Tract: 6211.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 13
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Water Heater
  • Equipment: Gas Dryer Hookup, Other, Washer Hookup
  • Interior Features: Ceiling Fan(s), Crown Molding, Living Room Balcony, Recessed Lighting, Storage
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bedroom, See Remarks
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, See Remarks, Washer Hookup
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, See Remarks, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, See Remarks, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Driveway, Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,529
  • Unit Type Total Rent: $2,529
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,372
  • Unit Type Total Rent: $3,372
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,665
  • Unit Type Total Rent: $2,665
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,995
  • Unit Type Total Rent: $2,995
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Patio: 3

Property History for 916 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 916 1st Street

Taxable ValueLand$129,134Additions$120,831Total$249,965
Tax Record2023$3,823 ($319 / month)
Home Facts
Total Finished SqFt3,835 SqFtAbove Grade Finished SqFt3,835 SqFtLot Size6,755 SqFtStyleQuadraplexYear Built1965ZoningHBRPYYCountyLOS ANGELESAPN4186-031-008

Schools near 916 1st Street

This home is within Hermosa Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Public - 4 to 8
Public - K to 3
Private - PK to 8
Private - 6 to 12
Rating
School
Distance
Hermosa Valley Elementary School
Public4 to 8

Hermosa View Elementary School
PublicK to 3

Our Lady Of Guadalupe Elementary School
PrivatePK to 8

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Real Brokerage Technologies, Inc., Luke Smith, DRE #02037906

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.