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Listed by J. Gregory Maffei • Vista Sotheby’s International Realty
$1,895,000
Est. payment /mo
2 Beds
2 Baths
1,432 SqFt
UPDATED:
12/17/2024 04:32 AM
Key Details
Property Type Single Family Home
Sub Type Duet
Listing Status Pending
Purchase Type For Sale
Square Footage 1,432 sqft
Price per Sqft $1,323
MLS Listing ID CRSB24222436
Bedrooms 2
Full Baths 2
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1953
Lot Size 2,786 Sqft
Property Description
Price reduced for the Holidays. Charming, full lot duplex just a few blocks from the stunning Pacific Ocean! This property offers great potential for redevelopment or can be kept as a solid income-generating investment. The current building features two, one-bedroom rental units with strong rental income. However, the real gem here is the lot and its prime location. You could build a spacious single-family home or two, three-story townhouses, all with the possibility of ocean and park views. If you choose to keep this as an investment property, existing rents are $4500/month. Proforma would be closer to $5000/month. This property is just a short walk to downtown Hermosa Beach's iconic pier, you’ll have easy access to a variety of restaurants, shops, and biking along The Strand. Opportunities like this don’t come along often, so don’t miss out on this incredible chance to own a prime property this close to the beach!
Location
State CA
County Los Angeles
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Electric
Exterior
Garage Spaces 2.0
Pool None
View None
Private Pool false
Building
Lot Description Other
Story 2
Water Public
Schools
School District Hermosa
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James Dye
Broker Associate | License ID: 00897803
Broker Associate License ID: 00897803