$2,225,000
$2,499,000
11.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
5,294 Sqft Lot
SOLD DATE : 11/16/2023
Key Details
Sold Price $2,225,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23106193
Sold Date 11/16/23
Bedrooms 4
HOA Y/N No
Lot Size 5,294 Sqft
Property Description
Outstandingly situated west of Sepulveda in North Hermosa Beach just a short distance to the beach as well as both downtown Hermosa Beach and Manhattan Beach. So many different options: Live in one and lease the other, lease both and land bank at a 3 CAP with excellent potential for appreciation, build 2 town homes plus ADU (buyer to verify) or upgrade and raise the rents further. Approximate 5,294 square feet lot with an approximate 3,232 square feet backyard. Per the MLS,, it's very rare, there have been less than 5 duplexes with a backyard of this size or more that has traded within the past 10 years. Each unit features all the amazing amenities required to make your life easier and maximize what people want: 1. each has its own garage, 2. each has its own access to the backyard, 3. each has its own laundry, 4. each has its own porch, and 5. each is light-bright throughout each unit with hardwood floors and its own pristine ambiance. Also, it's a corner lot.
Outstandingly situated west of Sepulveda in North Hermosa Beach just a short distance to the beach as well as both downtown Hermosa Beach and Manhattan Beach. So many different options: Live in one and lease the other, lease both and land bank at a 3 CAP with excellent potential for appreciation, build 2 town homes plus ADU (buyer to verify) or upgrade and raise the rents further. Approximate 5,294 square feet lot with an approximate 3,232 square feet backyard. Per the MLS,, it's very rare, there have been less than 5 duplexes with a backyard of this size or more that has traded within the past 10 years. Each unit features all the amazing amenities required to make your life easier and maximize what people want: 1. each has its own garage, 2. each has its own access to the backyard, 3. each has its own laundry, 4. each has its own porch, and 5. each is light-bright throughout each unit with hardwood floors and its own pristine ambiance. Also, it's a corner lot.
Location
State CA
County Los Angeles
Area Hermosa Beach (90254)
Zoning Assessor
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Conventional
Space Rent $60,000
Listing Terms Conventional
Financing Conventional
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Bought with Wayne Seligson • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "