71 19th Street, Hermosa Beach, CA 90254
Local realty services provided by:ERA Excel Realty
71 19th Street,Hermosa Beach, CA 90254
$4,750,000
- 7 Beds
- 7 Baths
- 4,032 sq. ft.
- Multi-family
- Active
Listed by: daniel shieh
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26853499
Source:CRMLS
Price summary
- Price:$4,750,000
- Price per sq. ft.:$1,178.08
About this home
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....
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Home facts
- Year built:1950
- Listing ID #:26853499
- Added:1 day(s) ago
- Updated:July 01, 2026 at 01:26 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:7
- Living area:4,032 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1950
- Building area:4,032 sq. ft.
- Lot area:0.07 Acres
- Levels:2 Story
Finances and disclosures
- Price:$4,750,000
- Price per sq. ft.:$1,178.08
Parking
- Parking description:Door Multi, Door Single, Garage
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