Welcome to this exceptional investment opportunity in the highly desirable Hermosa Beach sand section! This high income producing was meticulously renovated with no expense spared. All five units feature in-unit washer/dryers, brand new dual-pane windows, beautiful modern entry doors, recessed lighting and luxury vinyl plank flooring throughout. Gorgeous top of the line finishes in all the units include new interior paint, new modern kitchen cabinets, elegant quartz countertops, stainless steel appliances, updated bathroom vanities, modern mirrors, bathtubs and premium designer shower and floor tile.
Significant capital improvements include a new electrical main panel with individual subpanels, new plumbing for each unit, modern exterior fencing, upgraded balcony deck tile and flush steel-back insulated garage doors with automatic openers.
Just a short distance from the world-famous beach and vibrant downtown Hermosa, this income property boasts a wealth of amenities that are preferred by all potential tenants, including a variety of trendy restaurants, boutique shops, and lively bars. Opportunities to acquire turnkey income properties in such a prime location are rare.
This property is move-in ready for any new tenants. It offers an ideal unit mix: three one-bedroom units, one two-bedroom unit, and one studio, ensuring virtually full occupancy throughout the year. One of the one-bedroom units may be delivered vacant, providing an attractive owner/user opportunity or immediate rental upside.
This trophy property serves as a strong asset and great store of value for the discerning investor. Don’t miss your chance to seize this incredible opportunity!