71 19th ST, Hermosa Beach, CA 90254
71 19th ST, Hermosa Beach, CA 90254
71 19th ST, Hermosa Beach, CA 90254
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,750,000
Est. payment /mo
7 Beds
7 Baths
4,032 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $1,178

MLS Listing ID 26853499

Bedrooms 7

HOA Y/N No

Year Built 1950

Lot Size 2,848 Sqft

Property Description

71 19th Street in Hermosa Beach is a seven-unit apartment building on a walk street located just steps from the beach, Hermosa Pier, restaurants, retail, and everything that makes Hermosa Beach one of Southern California's most sought-after rental markets. Investment Highlights include *Seven (7) 1 Bed / 1 Bath units *Two units delivered vacant at closing *Significant rental upside with existing rents below market *Opportunity to immediately renovate and lease vacant units at market rates *Capitalize on a furnished short-term rental strategy for the vacant units (download OM to read about the recent overturning of short term rental ban in Hermosa Beach) *Potential additional income from 3 vacant garages that sellers have been using (each were fetching $200/mo over 10 years ago) *Exceptional walkability, literally just steps from the sand and pier *Strong long-term appreciation fundamentals driven by limited multifamily supply and high barriers to entry on the coast. *Balcony inspection completed and passed. What makes this opportunity particularly compelling is the ability for a new owner to immediately begin executing a value-add strategy. With two vacant units delivered at closing, investors can renovate, establish new market-rate rents or execute a short term rental strategy, and create a blueprint for future rent growth throughout the property. In a market where tenant turnover can take years to achieve, acquiring a coastal asset with immediate vacancy and meaningful upside is an ideal rarity. Beyond the operational opportunity, investors benefit from the wealth-building advantages of owning an irreplaceable coastal multifamily asset, long-term appreciation potential, depreciation benefits, and the ability to preserve capital in one of Los Angeles County's most supply-constrained submarkets.

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Zoning HBR2B*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Door-Multi, Door-Single, Garage

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4182006021

Special Listing Condition Standard

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Listed by Daniel Shieh Lyon Stahl Investment Real Estate, Inc. #01978847

NEARBY SCHOOL & BUSINESS

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