Log In/Sign Up
Your email has been sent.
1702 Hermosa Ave 10 Unit Apartment Building $12,783,963 CAD ($1,278,396 CAD/Unit) 2.71% Cap Rate Hermosa Beach, CA 90254
Investment Highlights
- $1,000,000 Price Reduction
- Complete Rehab & Renovation of Exterior & Interior in 2023, 2024 & 2025
- Priced well below Hermosa Beach condominium & single-family homes located in a high-barrier to entry market with exceptional tenant demand
- Rare Oceanview Income Property on Hermosa Avenue
- New: Roof, Plumbing, Sub-Panels, Water Heaters, Kitchens, Bathrooms, Appliances Wiring, Windows & More
- Ocean views and minutes to sand, surf & Pier Avenue’s renowned dining and retail
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$556,497
|
$100.83
|
| Other Income |
$2,429
|
$0.44
|
| Vacancy Loss |
$11,130
|
$2.02
|
| Effective Gross Income |
$547,796
|
$99.26
|
| Taxes |
$127,895
|
$23.17
|
| Operating Expenses |
$72,803
|
$13.19
|
| Total Expenses |
$200,698
|
$36.36
|
| Net Operating Income |
$347,098
|
$62.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $556,497 |
| Annual Per SF | $100.83 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,429 |
| Annual Per SF | $0.44 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,130 |
| Annual Per SF | $2.02 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $547,796 |
| Annual Per SF | $99.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $127,895 |
| Annual Per SF | $23.17 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $72,803 |
| Annual Per SF | $13.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $200,698 |
| Annual Per SF | $36.36 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $347,098 |
| Annual Per SF | $62.89 |
Property Facts
| Price | $12,783,963 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,278,396 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 2.71% | Building Size | 5,519 SF |
| Gross Rent Multiplier | 22.9 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1953/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Zoning | R3, Hermosa Beach | ||
| Price | $12,783,963 CAD |
| Price Per Unit | $1,278,396 CAD |
| Sale Type | Investment |
| Cap Rate | 2.71% |
| Gross Rent Multiplier | 22.9 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,519 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2023 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | R3, Hermosa Beach |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $4,849 CAD | 550 - 650 |
| 2+1 | 4 | $4,478 CAD | 670 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4183-010-011 | Total Assessment | $8,907,073 CAD |
| Land Assessment | $8,742,130 CAD | Annual Taxes | $127,895 CAD ($23.17 CAD/SF) |
| Improvements Assessment | $164,942 CAD | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
4183-010-011
Land Assessment
$8,742,130 CAD
Improvements Assessment
$164,942 CAD
Total Assessment
$8,907,073 CAD
Annual Taxes
$127,895 CAD ($23.17 CAD/SF)
Tax Year
2025 Payable 2026
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1702 Hermosa Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.