Lot Size:2,996 Sq. Ft.
Your Flex-Use Vintage California Beach Cottage awaits! Freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping, an inviting, beachy character shines through. Classic charm like this simply can't be replicated in newer buildings, and there's a further value-add opportunity by upgrading the kitchens and bathrooms. As a duplex, this property provides many flexible and versatile use options. 1) Hold it as a legacy investment property to build generational wealth as the current owners have. 2) Live in one of the units and rent out the other for income - the rent will offset about $900k of your mortgage, making it a compelling effective net purchase of $1.6m. 3) Use it as a fun vacation home or vacation rental where the side-by-side units provide co-living for extended family/kids in their own private spaces. 4) Set your children up to live in a family-owned property while they attend college or start their professional life, then retain for investment or build your dream home. 5) Develop a beautiful new 4,400+ sf 3 story home with rental unit that would be worth approx. $5.7m in today's market. Positioned on a coveted west-facing 40' extra-wide lot, each unit has some outdoor space to enjoy the glorious weather and sunshine. It's all about life by the beach here. This is a fun and active, car-optional location, ideal for beachgoers who love being in the mix and close to Pier Plaza's restaurants and shops, The Strand, and summer beach concerts. Hermosa's pristine wide sandy beach is just 8 doors away and is the favored training ground of pro beach volleyball players.
Price Change History
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Address:718 Hermosa Ave Hermosa Beach, CA 90254
Area:148 - Hermosa Bch Sand
Total Units: 2
Features / Amenities
Interior Features: Ceiling Fan(s)
Appliances: Gas Range, Refrigerator
Common Walls: 1 Common Wall
Lot Size: 0.07 Acres / 2,996 Sq. Ft.
Lot Features: Near Public Transit, Rectangular Lot, Street Level, ValueInLand
Sewer: Public Sewer
Directions:Cross streets 8th and Hermosa Ave
Tax and Financial Info
Buyer Financing: CashtoNewLoan
Terms: Cash, CashtoNewLoan, Conventional, TrustConveyance
Land Lease: No
Listing agent / office Karynne Thim, Pacifica Properties Group, Inc..
WALKING AND TRANSPORTATION
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