$9,300,000
$300K PRICE DROP

Estimated payment $60,811/month

Total Views 5,836
6 Beds
6 Baths
14,718 Sq Ft
$632 Price per Sq Ft

Highlights

  • Solar Power System
  • 0.3 Acre Lot
  • 3-minute walk to Ardmore Park
  • Hermosa View Elementary School Rated A
  • Laundry Room

About This Home

Twelve Units. Three Parcels. One Unmatched Beachfront Investment. Introducing the 5th Street Collection—a once-in-a-lifetime opportunity to own three contiguous 4-unit apartment buildings in the heart of Hermosa Beach, just steps from the Pacific Ocean. Perched on an elevated parcel with sweeping ocean breezes and walkable access to Pier Avenue, this portfolio defines Southern California coastal living and investing at its finest. Originally built in 1987 and held by the original developer, each building offers four spacious 2-bedroom, 2-bathroom units with over 1,200 square feet per unit—ideal for premium long-term tenants. Each unit features its own in-unit washer and dryer, enhancing convenience and appeal for residents. With 12,987 square feet of land and nearly 15,000 square feet of rentable space, this collection benefits from below-market pricing on a per-square-foot basis and qualifies for residential financing. Each parcel holds its own APN, allowing buyers to purchase individually or together for scale. Whether you're a legacy investor or a strategic 1031 exchange buyer, these income-producing assets offer a rare blend of stability, value-add potential, and unbeatable location.

Listing Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 05/21/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent, Showing Contact

Chris Bald

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #01909867

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre
  • 4188031061

Parking

  • 6 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 14,718 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • Solar Power System
  • Suburban Location

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 123
  • Assessor Parcel Number 4188031062
  • $1,168 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 12 Units

Building Details

  • 10 Leased Units
  • Rent Control
  • 15 Separate Electric Meters
  • 12 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $2,397
  • Insurance Expense $14,718
  • Water Sewer Expense $14,442
  • Operating Expense $146,820
  • Gross Income $476,700
  • Net Operating Income $318,879

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

6

Listing Details

  • CapRate: 3.43
  • Price Per Unit: 775000
  • Property Attached: Yes
  • Water Sewer Expenses: 14442.00
  • Zoning: HBC3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4188031062
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Price Per Square Foot: 631.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 4188031061
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12987.00
  • Lot Size Acres: 0.2981

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2397.00
  • Gross Income: 476700.00
  • Gross Multiplier: 19.51
  • Gross Scheduled Income: 476700.00
  • Insurance Expense: 14718.00
  • Lot Size Area: 12987.0000 Square Feet
  • Net Operating Income: 318879.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 10
  • Number Of Units Total: 12
  • Operating Expense: 143520.00
  • Rent Control: Yes
  • Total Expenses: 146820.00

Tax Info

  • Tax Census Tract: 6211.04
  • Tax Lot: 7
  • Tax Tract Number: 0123
  • TaxOtherAnnualAssessmentAmount: 1168.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $9,300,000 -3.1% $632 / Sq Ft
05/21/2025 05/21/25 For Sale $9,600,000 -- $652 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25112791

California Regional Multiple Listing Service (CRMLS)