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Hermosa Beach, CA 90254 916 1st Street

$2,995,000

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Presented By: Luke Smith with Real Brokerage Technologies, Inc.;
  • MLS# SR24042910
  • 03/13/2024
  • Request Tour
  • Request Info
  • BedBeds • 10
  • BathBaths • 5
  • FootageSQFT • 3,838
  • GarageGarage • 4

Home Details

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!
Presented By: Luke Smith with Real Brokerage Technologies, Inc.;

Interior Features for 916 1st Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall, EndUnit, NoOneAbove, NoOneBelow
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringCarpet, Laminate
Heating Y/NYes
Laundry FeaturesWasherHookup, GasDryerHookup, SeeRemarks
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 916 1st Street

AccessibilityParking
Additional Parcels Y/NNo
AppliancesGasOven, GasRange, WaterHeater
Architectural StyleOther
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityHermosa Beach
Community FeaturesBiking, Curbs, StormDrains, StreetLights, Sidewalks
ContingencySUBJECT to INSPECTION with accepted offer. DRIVE BY ONLY. DO NOT DISTURB TENANTS.
CountyLos Angeles
Days on Market24
DirectionsWest on Anita St, North on Pacific Coast Hwy, right on first St and property will be on your right.
Entry Location1
Garage Spaces4.0
Garage Y/NYes
Gross Income138732.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense6000.0
Interior FeaturesBalcony, CeilingFans, CrownMolding, RecessedLighting, Storage, BedroomonMainLevel, MainLevelPrimary
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Item1031Exchange
Lot Size Square Feet6757.0
MLS Area150 - Hermosa Bch East
MaintenanceExpense9540.0
MobileHomeRemainsYNNo
Net Operating Income112891.0
New ConstructionNo
Number of Units Leased4
Operating Expense25841.2
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street Name1st
Tax Lot13
Tenant PaysCableTV, Electricity, Gas, Telephone
Total Actual Rent138732.0
Total Units4
Trash Expense500.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, SeeRemarks, WaterConnected
ViewNeighborhood
View Y/NYes
Water Sewer Expense1922.2
Waterfront Y/NNo
Year Built1965
Year Built SourceAssessor
ZoningHBRPYY

Exterior for 916 1st Street

Building Area Total3838.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.1551
Lot Size Area6757.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Driveway, Garage
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,995,000
MLS#SR24042910
List Date 03/13/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors