71 19th ST, Hermosa Beach, CA 90254
71 19th ST, Hermosa Beach, CA 90254
71 19th ST, Hermosa Beach, CA 90254
71 19th ST, Hermosa Beach, CA 90254
71 19th ST, Hermosa Beach, CA 90254
71 19th ST, Hermosa Beach, CA 90254
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Zoltan Peresztegi

Zoltan Peresztegi

+1(661) 234-6442
$ 4,750,000
Est. payment | /mo

7 Beds

7 Baths

4,032 SqFt

Save
$ 4,750,000
Est. payment | /mo
Save

7 Beds

7 Baths

4,032 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,032 sqft

Price per Sqft $1,178

MLS Listing ID 26853499

Bedrooms 7

HOA Y/N No

Year Built 1950

Lot Size 2,848 Sqft

Property Description

71 19th Street in Hermosa Beach is a seven-unit apartment building on a walk street located just steps from the beach, Hermosa Pier, restaurants, retail, and everything that makes Hermosa Beach one of Southern California's most sought-after rental markets. Investment Highlights include *Seven (7) 1 Bed / 1 Bath units *Two units delivered vacant at closing *Significant rental upside with existing rents below market *Opportunity to immediately renovate and lease vacant units at market rates *Capitalize on a furnished short-term rental strategy for the vacant units (download OM to read about the recent overturning of short term rental ban in Hermosa Beach) *Potential additional income from 3 vacant garages that sellers have been using (each were fetching $200/mo over 10 years ago) *Exceptional walkability, literally just steps from the sand and pier *Strong long-term appreciation fundamentals driven by limited multifamily supply and high barriers to entry on the coast. *Balcony inspection completed and passed. What makes this opportunity particularly compelling is the ability for a new owner to immediately begin executing a value-add strategy. With two vacant units delivered at closing, investors can renovate, establish new market-rate rents or execute a short term rental strategy, and create a blueprint for future rent growth throughout the property. In a market where tenant turnover can take years to achieve, acquiring a coastal asset with immediate vacancy and meaningful upside is an ideal rarity. Beyond the operational opportunity, investors benefit from the wealth-building advantages of owning an irreplaceable coastal multifamily asset, long-term appreciation potential, depreciation benefits, and the ability to preserve capital in one of Los Angeles County's most supply-constrained submarkets.

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Zoning HBR2B*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Door-Multi, Door-Single, Garage

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4182006021

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Daniel Shieh Lyon Stahl Investment Real Estate, Inc. #01978847

Nearby Locations

Zoltan Peresztegi

"My job is simple: get my sellers the strongest price the market will pay, and help my buyers find the right home. No jargon, no pressure, just straight answers."

+1(661) 234-6442

zoltan@sellwithzoli.com

6302 Ridgeglade Ct, Rancho Palos Verdes, California 90275, USA

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71 19th ST