$9,000,000
$9,300,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/17/2025
Key Details
Sold Price $9,000,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25112791
Sold Date 10/17/25
HOA Y/N No
Year Built 1987
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning HBC3YY
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Suburban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4188031062
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Green/Energy Cert Solar
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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