71 19th Street, Hermosa Beach, CA 90254

71 19th Street presents a rare opportunity to acquire a pride-of-ownership multifamily asset in one of Southern California's most desirable coastal communities. Located just steps from the sand in the heart of Hermosa Beach, the property consists of seven 1-bedroom/1-bathroom units and will be delivered with two vacant units, providing a new owner with an immediate value-add opportunity rarely found in today's market. The vacant units allow investors to renovate and reposition from day one, capturing market rents without the delays and uncertainty often associated with tenant turnover. Combined with the property's existing below-market rent roll, investors have a clear pathway to significantly increase income and unlock substantial upside over time. The ability to immediately renovate and lease two units at current market rates creates an attractive opportunity to establish higher rental benchmarks for the property while enhancing overall asset value.

Additionally, the vacant units provide flexibility for a furnished rental or short-term rental strategy (subject to local regulations and permitting requirements), offering investors the potential to further increase cash flow by capitalizing on Hermosa Beach's year-round tourism and coastal lifestyle appeal.

Beyond the operational upside, investors can benefit from valuable tax advantages through depreciation and potential cost segregation strategies, helping offset income while building long-term wealth. Whether repositioned as a premium beach rental asset, operated with a hybrid furnished rental strategy, or held as a legacy investment, 71 19th Street offers an exceptional combination of immediate upside, long-term appreciation potential, and irreplaceable coastal location.

Ideally situated just moments from the beach, Hermosa Pier, award-winning restaurants, boutique retail, and major employment centers throughout the South Bay, the property benefits from the exceptional demand that continues to drive both rental growth and long-term appreciation in Hermosa Beach. With limited multifamily inventory, restrictive development opportunities, and high barriers to entry, coastal apartment buildings of this size and location rarely come to market.