$1,875,000
$1,995,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
2,304 Sqft Lot
SOLD DATE : 01/21/2022
Key Details
Sold Price $1,875,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21778442
Sold Date 01/21/22
HOA Y/N No
Year Built 1947
Lot Size 2,304 Sqft
Property Description
This duplex is an opportunity to acquire prime real estate in the North Hermosa Sand Section. This part of Hermosa Beach has been experiencing tremendous development which includes the recently completed, Hermosa Vista Elementary School next door. The property consists of a mix of (2) one-bed/one-bath units. A new investor can capitalize on the tight rental market and high rents in this neighborhood by implementing a strategic unit interior and exterior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. The property boasts 47% rental upside potential. Tenants appreciate the convenient location just blocks from the world-famous beaches. Ideally located in a mostly residential corridor, the property is also a short walk to Downtown Hermosa Beach for dining, entertainment, and retail. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBR2YY
Interior
Heating Combination
Flooring Laminate, Tile
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator
Exterior
Garage Spaces 2.0
Garage Description 2.0
View Y/N Yes
View Bay, Coastline
Roof Type Composition
Total Parking Spaces 2
Building
Faces South
Story 2
Architectural Style Contemporary
New Construction No
Others
Senior Community No
Tax ID 4182028010
Special Listing Condition Standard
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Bought with Greg Maffei • Greg Maffei Broker
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