Rare opportunity to own a 5-Unit apartment building in the heart of Downtown Hermosa Beach! Only two short blocks to the ocean and steps to the Hermosa Beach Pier, fabulous shopping, two farmers markets, award-winning restaurants, entertainment and everything else Hermosa Beach has to offer. This classic Spanish style apartment building has 2,769 SF and a 3,006 SF lot. The front building features a 2-bed, 1-bath and a 1 bed, 1 bath, each with their own washer and dryer. The rear building consists of one 1-bed, 1- bath, and two studio apartments. Tenants enjoy a large, shared courtyard. Each unit is individually metered for gas and electric and has their own 50-gallon water heater. Street to alley lot, and zoned R3. There are many possibilities here as you can live in one unit and rent out the others, hold for straight appreciation, build two townhomes, or a single family home. (Buyer to verify) Additional income can be generated from garage parking.