838 Cypress

Hermosa Beach, CA 90254
$4,200,000
838 Cypress Avenue is a two-building structure that has a total of 10 studio units (4 units in the front building and 6 units in the rear building). This property is an exceptional investment opportunity in one of Hermosa Beach's most desirable neighborhoods. Perfectly positioned west of Pacific Coast Highway,Read MoreRead Less
Property listed by N. P. Property Management Inc., Frederick Okuda 213-377-4203
Listing Snapshot
Days Online
2
Last Updated
Property Type
Apartment
Lot Size
0.14 Acres
Year Built
1971
MLS Number
TR26146221
Property Location Map
Additional Details
Building
Built in 1971, 2 buildings, 3 stories, Levels: ThreeOrMore, Entry level: 1, Entry location: Front
Community
Sidewalks
Expenses
Electric: $1,265, Fuel: $2,484, Gardener: $1,920, Insurance: $7,500, Maintenance: $11,000, Operating: $103,473, Pest Control: $420, Trash: $5,805, Water/Sewer: $2,598, Other Expense: $1,000
Garage
4 spaces
Heating
FloorFurnace
Income
Gross Income: $280,260, Gross ScheduledIncome: $280,260, Net Operating Income: $168,379
Laundry
CommonArea
Lot
0.1446 acres, ZeroToOneUnitAcre
Parking
9 carport spaces, 13 total parking spaces, Assigned
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 4187014052, Tax Block: C, Lot: 4
Tenant Pays
Electricity, Gas
Utilities
Water Source: Public, 11 separate electric meters, 11 separate gas meters
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Monthly Payment
$0
Andrea McCracken
DRE# 01920016
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.