350 Hermosa Ave - Apartments FOR SALE


Hermosa Beach, CA 90254
$10,750,000 USD
510-708-2662
350 Hermosa Ave, Hermosa Beach, CA for Sale
$10,750,000 USD
Apartments - FOR SALE
1/17
null | 3.78% Cap Rate

350 Hermosa Ave
Hermosa Beach, CA 90254


OVERVIEW

Nestled in a prime location just 100 steps from the sand and Strand, these fully renovated luxury properties offer an unparalleled coastal living experience. Two adjacent 6-unit buildings, each with its own APN, boast a total of 6 modern 2-bed/1-bath units and 6 1-bed/1-bath units spanning 7,440 SF on two lots totaling 8,071 SF. A mere 6-minute walk to Pier Avenue’s world-class restaurants, nightlife, shopping, and entertainment, and an 8-minute stroll to King Harbor, convenience meets sophistication. Renovated in 2020 with a new roof in 2024, the exterior shines with re-stucco, Fiberon cladding, JELD-WEN double-pane windows, and smart-key entry doors. Inside, enjoy white shaker cabinetry, quartz countertops, Frigidaire stainless steel appliances, Italian ceramic tile bathrooms, HVAC mini-splits, and white oak vinyl plank flooring. Amenities include 8 enclosed garage spaces with storage (extra cost), on-site SpeedQueen laundry with ShinePay, lockable bike racks, drought-tolerant landscaping, public Wi-Fi, and a fully compliant ADA unit. Invest in these two turn-key and secure, modern living apartment buildings next to the Beach now!

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$1,445 USD /SF

# OF UNITS

12

PRICE/UNIT

$895,833

CAP RATE

3.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

350 Hermosa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,071 SF

ZONING

HBR3YY

APN/PARCEL ID

4188-008-033,4188-008-034

ASK ABOUT THIS PROPERTY

Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.