$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 Beds
2 Baths
1,320 SqFt
SOLD DATE : 01/21/2022
Key Details
Sold Price $1,875,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,320 sqft
Price per Sqft $1,420
MLS Listing ID 21-778442
Sold Date 01/21/22
Bedrooms 2
Year Built 1947
Lot Size 2,304 Sqft
Acres 0.0529
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 Hermosa Beach Sand
Zoning HBR2YY
Rooms
Other Rooms None
Interior
Heating Combination
Cooling Other
Flooring Tile, Laminate
Equipment Dishwasher, Range/Oven, Refrigerator, Garbage Disposal
Exterior
Garage Attached
Garage Spaces 2.0
View Y/N 1
View Coastline, Bay
Roof Type Composition
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Greg Maffei Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "