1702 HERMOSA AVE Hermosa Beach, CA 90254

Price reduced by over $150K. Tremendous rental upside and pro-forma cap rate at just under 4%. This is a rare opportunity to purchase (6) 1-bedroom/1-bathroom units and (4) 2-bedroom/1-bathroom units on Hermosa Avenue. This trophy asset is located north of the pier near Manhattan beach and is less than 600-ft from the Pacific Ocean. Half of these units have ocean views and over half the units have either an ocean view, balcony, or some sort of patio. Walking distance to Hermosa Beach Pier and all the attractions of Pier Avenue. There are 9 garage parking spots in the rear with alley access. Unit 10 has a 10X10 rooftop deck with panoramic views. Units are massively under rented and are poised to be repositioned. The property is directly across the street from the 17th Street walk-street which opens up 1702 Hermosa Avenue to beautiful ocean views.