Category Archives: Hermosa Beach

Hermosa Beach, California Multifamily Investment Income Property FOR SALE Duplex, Triplex & Fourplex

.

As of today July 1st, 2017 there are seven multifamily investment income properties for sale in Hermosa Beach California.  There are 4 Duplex Homes currently listed for sale ranging from $1,775,000-$3,000,000.  All four of these duplex properties are located in the “sand section” of Hermosa Beach which is west of Pacific Coast Highway and adjacent to the beach and downtown Hermosa Beach dining and shopping.  There are two Triplex income properties for sale rating from the mid-2 million to mid-6 million dollar price range.  Both of these triplex properties are also located in the sand section and one of them is actually located on The Strand and priced very close to land value.  The final multifamily property available is a 4-Plex located in the Hermosa Beach hill section just under $2,500,000.  This fourplex is located east of Pacific Coast Highway, but still within walking distance to the beach, shopping and dining.

To view all available apartment buildings complexes, duplex homes, triplexes and fourplexes For Sale in Hermosa Beach, please click this link and visit MultiFamilyOWL.com   MultiFamilyOWL is updated every hour and is Southern California’s #1 source for MultiFamily Income  Properties!

458 Longfellow Avenue Hermosa Beach Ca 90254 — DUPLEX FOR SALE —

.

Hermosa Beach duplex income property for sale located at 458 Longfellow Avenue Hermosa Beach CA 90254 by John Corrales Coldwell Banker Manhattan Beach 310-346-3332.

Each unit has been remodeled and the land offers future development potential.  Awesome location just 4 blocks from pristine white sand beaches and an easy walk to all the shopping and dining in downtown Manhattan Beach.

With so few income properties left, due to re-development into large luxury homes in Hermosa Beach and Manhattan Beach, the few remaining income properties very rarely become available.  MultiFamilyOWL.com has all Manhattan Beach, Hermosa Beach and Redondo Beach Duplex, Triplex, 4-Plex and larger apartment buildings available updated every 15 minutes!

Duplex For Sale Manhattan Beach Hermosa Beach California

Manhattan Beach California DUPLEX INVESTMENT PROPERTY FOR SALE coming soon!

.

John Corrales and Lauren Forbes at Coldwell Banker Manhattan Beach (310-346-3332) have a Duplex multifamily income investment Property coming soon in the Hermosa Beach Manhattan Beach neighborhood.  This Duplex currently generates a net operating income of over $35,000 per year.  The Pro-Forma is showing the possibility of over $44,000 per year. To see all available investment properties in Manhattan Beach click this live link now!

The fully rented duplex is perfectly situated between north Hermosa Beach and South Manhattan Beach.  Only 4 short walking blocks to pristine white sand beaches, perfect waves for surfers and easy stroll to downtown Manhattan Beach for fine dining and shopping.  The Duplex offers On-Site  laundry facilities and 2 car garage parking.  The 2 bedroom apartment and the 1 bedroom apartment both feature outdoor living areas perfect for evening BBQ’s or pre-surf coffees!

Hurry Call John Corrales at Coldwell Banker Manhattan Beach today (310-346-3332) for more details, price and formal financials on this unbelievable opportunity coming available in early 2017.  You can also visit John’s website at www.ForbesCorrales.com

HERMOSA BEACH California DUPLEX multifamily FOR SALE…. Los Angeles

.

Click the link below to view a short video of this Hermosa Beach DUPLEX FOR SALE:hermosa beach multifamily duplex income property for sale los angeles

AS YOU CAN SEE FROM THE VIDEO ABOVE, this Hermosa Beach Duplex is situated at the crown of a hill with the Pacific Ocean and beautiful white sand beaches of Hermosa Beach below.  The duplex offers a 2 bedroom 1 bathroom and a 1 bedroom 1 bathroom apartment, each with separate electric/gas meters and individual laundry facilities.  The total living square footage is 1,697 and the lot size is 5,037 with a detached 2 car garage.  To view additional pictures, financials and in depth description, please click this live link now.

(All property details retrieved from CRMLS © 2014 CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed)

We have spotlighted Hermosa Beach’s DUPLEX multifamily Income Property market several times over the past month at MultiFamilyOWL.  Please click the link below to read a past post:

Hermosa Beach MultiFamily Duplex Income Property FOR SALE

hermosa beach multifamily duplex income property for sale

Hermosa Beach MultiFamily Duplex Income Property For Sale….Get ’em while they’re HOT !

.

Hermosa Beach California is an awesome beach town to party, play beach volleyball and enjoy the surf.  The MultiFamily Income Duplex, Triplex and Fourplex properties are slowly all being gobbled up by new home developers.  This is creating a massive shortage of apartments currently for rent.  Rents are rising quickly and most vacant apartments receive at least dozen applications when being re-rented!  No shortage of USC and Loyola Marymount students funded by their parents desiring to live in beautiful Hermosa Beach!

Currently there are five Duplex MultiFamily Income Properties listed For Sale in Hermosa Beach, one Triplex and one 5-unit Commercial MultiFamily Income Apartment building.  To see all seven available MultiFamily Income Properties in Hermosa Beach click this live link!

Hermosa Beach is located in the South Bay region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Hermosa Beach.

Before reading on about the city below, check out a recent blog post I wrote about an awesome Duplex MultiFamily Income Property For Sale in Hermosa Beach which received multiple offers by clicking this live link!

Hermosa Beach’s population was 19,773 as of 2012, which is smaller than Redondo Beach or Manhattan Beach, the other two beach cities in the South Bay.The estimated median household income in 2011 was $95,043 (it was $81,153 in 2000). This is larger than the California median which was $57,287 in 2011.

Hermosa Beach has large professional, scientific, and technical industries which comprise 15.8% of all industries in the city, which is almost twice that of the California average. The main occupations of its residents are in sales, services, wholesale and manufacturing, as well as a high number of engineers and computer specialists. The 24 hour fitness employs the most workers at 187, closely followed by the City of Hermosa with 183. Other top employers are Vons, Ralphs, and Patrick Molloys.

The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 7 miles away. The hospital Providence Little Company of Mary is only 4 miles away in neighboring city Torrance and about 5 miles away is El Camino Community College, which has over 8500 full time enrolled students.

Hermosa Beach has many attractions, the most popular of which is the Pier. Here tourists and locals alike enjoy the sandy beach and many restaurants and shopping that it has to offer. It also hosts the Hermosa Valley Greenbelt which at any time of day or night joggers and walkers enjoy its soft woodchip trails and graceful landscaping.

All of these features make Hermosa Beach a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, andfourplex properties.

Also serving other Los Angeles County Cities.

This information was gathered from www.hermosabch.org, city-data.com, and wikipedia.

 Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Hermosa Beach.

 

New Duplex listing in Hermosa Beach.

.

With only four available multi-family residential income properties in the cities of Hermosa Beach and Manhattan Beach this duplex is sure to move fast.  Beth Morrissey at Coldwell Banker Manhattan Beach is the listing agent and can be reached at 310.977.2475 or by email at beth.morrissey@coldwellbanker.com

The duplex is located at 925 Manhattan Avenue Hermosa Beach CA 90254.  The property is located on a full street to alley lot which is sure to spark the interest of local developers.  The value of the land is incorporated into the list price which shows on the CRMLS as $1,685,000.  The 3 bedroom 2.5 bathroom larger unit is listed as being leased for $4,000 per month and the attached 1 bedroom 1 bathroom unit is being listed as being leased at $1,969 per month.  This puts the list price right around 23 times gross.   With an awesome location in the heart of Hermosa Beach, dozens of hungry local developers circling and so very little inventory of duplexes, triplexes or fourplexes in Hermosa Beach or Manhattan Beach, this duplex will most certainly move fast.

In our next blog post we will discuss two areas in Redondo Beach which look to benefit richly from the lack of multifamily investment properties available in Hermosa and Manhattan.  Stay tuned!