Beds3
Baths3
Sq.Ft.1,973
Year1912
Scott Greenspan
(310) 363-0606
Status:
Sold
Property Type:Duplex
MLS #:SB21170201
Sq. Feet:1,973
Date Sold:5/9/2022
Lot Size:2,996 Sq. Ft.
County:Los Angeles
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.
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 9/13/2021 | $2,499,000 | $2,399,000 | -4% |
| 5/9/2022 | $2,399,000 | $2,350,000 | -2% |
Community Information
Address:718 Hermosa Ave Hermosa Beach, CA 90254
Area:148 - Hermosa Bch Sand
County:Los Angeles
City:Hermosa Beach
School System:Hermosa
Zip Code:90254
Architecture
Bedrooms:
3
Bathrooms:
3
Year Built:1912
Stories:1
Style:Bungalow, Cottage
Total Units: 2
Roof: Shingle
Features / Amenities
Interior Features: Ceiling Fan(s)
Appliances: Gas Range, Refrigerator
Laundry: Inside
Common Walls: 1 Common Wall
Rooms
| Living Room |
| Kitchen |
Property Features
Lot Size:
0.07 Acres / 2,996 Sq. Ft.
Lot Features: Near Public Transit, Rectangular Lot, Street Level, ValueInLand
Sewer: Public Sewer
Water: Public
Fencing: Wood
Zoning:HBR3YY
Directions:Cross streets 8th and Hermosa Ave
Tax and Financial Info
Buyer Financing: CashtoNewLoan
Terms: Cash, CashtoNewLoan, Conventional, TrustConveyance
Land Lease: No
Disclosures: ListingBrokerAdvantage
Listing Agent/Office
Listing agent / office Karynne Thim, Pacifica Properties Group, Inc..
Schools
Similar Listings
Similar Recently Sold
Based on information from California Regional Multiple Listing Service, Inc. as of May 29, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
