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1702 Hermosa Ave 10 Unit Apartment Building $12,302,461 CAD ($1,230,246 CAD/Unit) 2.61% 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 |
$530,826
|
$96.18
|
| Other Income |
$2,337
|
$0.42
|
| Vacancy Loss |
$10,616
|
$1.92
|
| Effective Gross Income |
$522,548
|
$94.68
|
| Taxes |
$134,020
|
$24.28
|
| Operating Expenses |
$59,912
|
$10.86
|
| Total Expenses |
$193,932
|
$35.14
|
| Net Operating Income |
$328,616
|
$59.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $530,826 |
| Annual Per SF | $96.18 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,337 |
| Annual Per SF | $0.42 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,616 |
| Annual Per SF | $1.92 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $522,548 |
| Annual Per SF | $94.68 |
| Taxes (CAD) | |
|---|---|
| Annual | $134,020 |
| Annual Per SF | $24.28 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $59,912 |
| Annual Per SF | $10.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $193,932 |
| Annual Per SF | $35.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $328,616 |
| Annual Per SF | $59.54 |
Property Facts
| Price | $12,302,461 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,230,246 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 2.61% | Building Size | 5,519 SF |
| Gross Rent Multiplier | 23.1 | 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 | $12,302,461 CAD |
| Price Per Unit | $1,230,246 CAD |
| Sale Type | Investment |
| Cap Rate | 2.61% |
| Gross Rent Multiplier | 23.1 |
| 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 | - | 550 - 650 |
| 2+1 | 4 | - | 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 | $8,571,592 CAD |
| Land Assessment | $8,412,862 CAD | Annual Taxes | $134,020 CAD ($24.28 CAD/SF) |
| Improvements Assessment | $158,730 CAD | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
4183-010-011
Land Assessment
$8,412,862 CAD
Improvements Assessment
$158,730 CAD
Total Assessment
$8,571,592 CAD
Annual Taxes
$134,020 CAD ($24.28 CAD/SF)
Tax Year
2025 Payable 2026
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1702 Hermosa Ave
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