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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!
Property Type(s):
Multi Family
| Last Updated | 11/1/2024 | Year Built | 1953 |
|---|---|---|---|
| Community | Hermosa Bch Sand | Garage Spaces | 2.0 |
| County | Los Angeles |
SCHOOLS
| School District | Hermosa |
|---|---|
| Elementary School | Hermosa View |
| Jr. High School | Hermosa Valley |
| High School | Mira Costa |
Additional Details
| AIR | None |
|---|---|
| AREA | Hermosa Bch Sand |
| GARAGE | Carport, Door-Multi, Door-Single, Driveway, Garage, Garage Faces Front, Garage Faces Rear, Yes |
| HOA DUES | 0 |
| LOT | 2786 sq ft |
| LOT DESCRIPTION | No Landscaping |
| PARKING | Carport,Door-Multi,Door-Single,Driveway,Garage Faces Front,Garage,Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | HBR3YY |
Location
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Listed with Vista Sotheby’s International Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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