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USACAHermosa Beach563 2Nd St
563 2 Nd St, Home with 2 bedrooms, 3 bathrooms and 2 parking in Hermosa Beach CA | Image 1
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$1,795,000

563 2 Nd St, Hermosa Beach, CA

Real Estate

For Sale

$--,---,---
232
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 1145 sqft
Garage Yes
Maintenance Fees 
Taxes 
Days Active 4
Approx. Age 1918
Avg. Price Per Sqft $1,567
MLS® Number 25589737

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Discover this exceptional triplex property in the heart of Hermosa Beach, California, perfectly positioned just a few blocks from The Strand and the shimmering Pacific Ocean, embodying the essence of coastal luxury living. As a prime investment opportunity, this versatile asset offers strong potential for owner-occupancy, allowing you to reside in one unit while generating income from the others. With outstanding potential for Accessory Dwelling Units (ADUs), buyers can explore adding extra rentals to significantly boost revenuethough verification of feasibility is advised. Benefiting from favorable rent regulations, the property is exempt from Los Angeles City rent control and falls under AB 1482, enabling attractive annual rent increases to maximize returns. Its eligibility for standard residential financing makes it accessible to a broad spectrum of buyers, simplifying acquisition. Currently delivering robust income with a 2.73% cap rate and 22.23 GRM, it promises even greater upside through pro-forma projections of a 3.58% cap rate. The location's exceptional market appeal shines with proximity to King Harbor, Hermosa Beach Pier, Redondo Beach Pier, and vibrant Pier Avenue, providing endless beachside dining, shopping, and recreational options. Inside, enjoy modern amenities like a fully renovated studio unit and Unit C's private deck for enhanced comfort. Practical features include a spacious 2-car garage for secure parking and on-site laundry facilities that generate an additional $200 per month in passive income. This triplex combines immediate cash flow, growth potential, and an unbeatable seaside lifestyledon't miss out on this Hermosa Beach gem.Show Description
MLS® Number25589737
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelLaundry Room
Exposure
Exterior
GarageYes
Approx. Age1918
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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