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    718 Hermosa Avenue

    Hermosa Beach, CA 90254
    • $2,550,000
    • STATUS: ACTIVE
    • ON SITE: 24 days
    • ID#: SB21080056
    UPDATED: 50 min ago
    $2,550,000
    • 4
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Offered for the first time in over 55 years, this classic cottage-style duplex is situated on a coveted 40 wide lot and offers a multitude of options going forward. Maintain it as a legacy investment property, renovate for a value-add opportunity and increased rents, use it as a beach pad for extended family/kids with side-by-side 2 bedroom units so everyone has their own space, or develop a new home with an ADU. South Hermosa income properties are selling like hotcakes to visionaries that recognize not only todays value, but the enormous potential the future brings when the AES site is developed. This desirable car-optional beach lifestyle location doesnt get any better or more convenient - its just 9 doors to sand & Strand, and 4 blocks to Pier Avenue. Walk effortlessly to the beach, local restaurants, shops, nightlife and summer beach concerts. Offered for the first time in over 55 years, this classic cottage-style duplex is situated on a coveted 40 wide lot and offers a multitude of options going forward. Maintain it as a legacy investment property, renovate for a value-add opportunity and increased rents, use it as a beach pad for extended family/kids with side-by-side 2 bedroom units so everyone has their own space, or develop a new home with an ADU. South Hermosa income properties are selling like hotcakes to visionaries that recognize not only todays value, but the enormous potential the future brings when the AES site is developed. This desirable car-optional beach lifestyle location doesnt get any better or more convenient - its just 9 doors to sand & Strand, and 4 blocks to Pier Avenue. Walk effortlessly to the beach, local restaurants, shops, nightlife and summer beach concerts.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sunluxrealestate.com/homes/116194932
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    718 Hermosa Avenue Hermosa Beach, CA 90254

    • Price: $2,550,000
    • Status: ACTIVE
    • Updated: 50 min ago
    • ID#: SB21080056
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    Neighborhood:
    Hermosa Beach (90254)
    County:
    Los Angeles
    Area:
    Hermosa Beach (90254)
    Property Description
    Offered for the first time in over 55 years, this classic cottage-style duplex is situated on a coveted 40 wide lot and offers a multitude of options going forward. Maintain it as a legacy investment property, renovate for a value-add opportunity and increased rents, use it as a beach pad for extended family/kids with side-by-side 2 bedroom units so everyone has their own space, or develop a new home with an ADU. South Hermosa income properties are selling like hotcakes to visionaries that recognize not only todays value, but the enormous potential the future brings when the AES site is developed. This desirable car-optional beach lifestyle location doesnt get any better or more convenient - its just 9 doors to sand & Strand, and 4 blocks to Pier Avenue. Walk effortlessly to the beach, local restaurants, shops, nightlife and summer beach concerts. Offered for the first time in over 55 years, this classic cottage-style duplex is situated on a coveted 40 wide lot and offers a multitude of options going forward. Maintain it as a legacy investment property, renovate for a value-add opportunity and increased rents, use it as a beach pad for extended family/kids with side-by-side 2 bedroom units so everyone has their own space, or develop a new home with an ADU. South Hermosa income properties are selling like hotcakes to visionaries that recognize not only todays value, but the enormous potential the future brings when the AES site is developed. This desirable car-optional beach lifestyle location doesnt get any better or more convenient - its just 9 doors to sand & Strand, and 4 blocks to Pier Avenue. Walk effortlessly to the beach, local restaurants, shops, nightlife and summer beach concerts.
    Exterior Features

    Pool N/K Site CurbsSidewalks Topography Level

    Interior Features

    Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 2

    Property Features

    Annual Expense Actual 0 Buildings 1 Gross Scheduled Income Actual 69600 Miscellaneous Value in Land Tenant Pays Cable TvElectricityGas/Propane Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 2400.0 Unit2 Rent Actual 1650.0 Zoning Assessor

    Listing provided courtesy of Pacifica Properties Group, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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