821 Cypress Ave, Hermosa Beach, CA 90254

Property Description

Hermosa Beach provides the essence of California beach living. Located within 4 blocks of the beach and Pier Avenue restaurants and shopping, this cul-de-sac property is within a block of famous Clark Field, and just a couple blocks to tennis/pickle ball courts, kid-friendly South Park and the greenbelt. The ideally situated property presents you with the opportunity for a high end investment property you can rent out or live in yourself. Current rents provide a beach property with an approximate 3.5% Cap Rate and pro-forma rents provide 3.8%. The generously sized units provide great interior space along with large decks wrapping around the property allowing the living area to flow freely to the outside. 821 Cypress includes an open floor plan with a fireplace, dining area, breakfast area, 3 bedrooms and 2.5 bathrooms, and a private loft adjoining a wind-sheltered private deck. 825 Cypress is a generously sized west facing 2 bedroom unit with 2 baths and an office (bonus room), two decks, and a private yard. The open floor plan has a top floor living room with fireplace, dining area, kitchen and attached deck with space for an outdoor dining table. This property demands high rents due to its location, condition and abundance of parking (4 car garage plus 5 additional spaces). These notices are the rules of entry per CA regulations: https://tinyurl.com/VistaSIRRulesofEntry