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$ 9,600,000
Est. payment | /mo
14,718 SqFt
$ 9,600,000
Est. payment | /mo
14,718 SqFt
OPEN HOUSE
Sun Jun 08, 11:00am - 1:00pm
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,718 sqft
Price per Sqft $652
MLS Listing ID CRSB25112791
HOA Y/N No
Year Built 1987
Lot Size 0.298 Acres
Acres 0.3
Property Sub-Type Other
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
Zoning HBC3
Interior
Fireplace No
Laundry Inside
Building
New Construction No
Others
Tax ID 4188031062
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "