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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$3,995,000

Est. payment - /mo

4,991 Sqft Lot

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25089694

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1941

Lot Size 4,991 Sqft

Property Sub-Type Apartment

Property Description

Entire Property Fully Remodeled - Turnkey 5-Unit Beachside Investment Opportunity! This 2025 renovated, move-in ready five-unit apartment complex is a rare gem for beach-loving investors seeking strong income potential and long-term appreciation. Located just two blocks from the sand and two blocks from the iconic Hermosa Beach Pier, this property offers an unbeatable A+ location paired with pristine A+ condition. The unit mix includes five 1-bedroom, 1-bathroom units split across two buildings. At the front, two charming bungalow-style units are connected and share a 2-car garage. In addition, there's open-air parking for five more vehicles – a major perk in this prime beach area. The rear building is a two-story structure, with upper-level units featuring beautiful ocean views from both the living rooms and bedrooms. On the ground floor, you'll find an additional unit plus two 1-car garages accessible from the alley. The remodel spared no expense—a rare find in investment properties—featuring high-end finishes and comprehensive upgrades aimed at minimizing ongoing expenses. The property boasts brand new roofs, plumbing, electrical systems, windows, kitchens, and bathrooms throughout. Additionally, the low-maintenance design eliminates landscaping upkeep and water bills, further reducing operating costs.
All units currently being leased at pro forma rates.

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Zoning HBR3YY

Rooms

Other Rooms Second Garage

Interior

Interior Features Ceiling Fan(s), Quartz Counters, Recessed Lighting, Unfurnished

Heating Electric, Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater

Laundry Inside, Stacked

Exterior

Parking Features Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Waterfront Description Ocean Side Of Highway

View Y/N Yes

View Ocean

Total Parking Spaces 9

Private Pool No

Building

Lot Description Landscaped

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Multi/Split

Additional Building Second Garage

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 4187008032

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://youtu.be/m5PZoEkOD5w

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Listed by Darin DeRenzis • Vista Sotheby’s International Realty • 310-418-6210

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

908 Manhattan AVE Hermosa Beach, CA 90254

Jessica Panzica

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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