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CBRE
Just Listed
2 Building Portfolio in Hermosa
...not one, but two, rare acquisition opportunities in one of LA's wealthiest zips.
The deals...
An 8 unit building, ideally-located, just a block from The Strand.  The perfect location for those wanting the quintessential  'Hermosa lifestyle'.  1 Bedroom units, ideal for the typically young and active renters who want all that the beach has to offer - as well as the retail and dining options along Pier Ave. and Hermosa Ave.  Ample parking - 10 garage spots and 5 open spots on the apron, as well. Excellent assumable debt: $2MM+/- at a rock bottom 3.7%, fixed for 6 more years.  Priced well under the Hermosa average per/unit comp value.

And a 4 unit building that is ideal for the "work at home" renter - also prominent in Hermosa.  All 2 Bed units, 3 of which have been recently rehabbed - 'beach chic'.  Just uphill from Hermosa Ave., it's a quick walk to the beach.  Also, the tenants enjoy a large, communal deck, perfect for relaxing or hanging out with friends.  Comfortable elegance in one of LA's most sought-after beach communities.

Exclusively listed at $5,199,000 and $3,195,000, respectively.  Available together, ideally...or separately.
For more information, please contact:
Brice W. Head, MBA
Senior Vice President
Multifamily | Advisory & Transactions
+1 310 344 8218
brice.head@cbre.com
Lic. 01330706
CBRE
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