$1,950,000
$1,998,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/24/2018
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB18014958
Sold Date 05/24/18
HOA Y/N No
Year Built 1923
Property Description
AMAZING, RARE & UNIQUE OPPORTUNITY - nothing left like it in Hermosa Beach! Three adorable cottages on one huge lot, all with panoramic ocean views. Enjoy current income while planning for future development. Over 6,000 sq. ft. of land with 80 feet of street frontage. It may be possible to split the lot - check with city. Lots of options here: build a large new estate home, enjoy great income from the legal, non-conforming triplex, or possibly build two homes with a lot split. The units have been updated and rents are below market with good upside potential. The ocean view here is incredible and unblockable. This well-located property is on a quiet street and is close to everything - restaurants, shopping, pier and beach.
Location
State CA
County Los Angeles
Area 150 - Hermosa Bch East
Zoning HBR1*
Interior
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Curbs
Total Parking Spaces 3
Private Pool No
Building
Lot Description Rectangular Lot, Sloped Up, Value In Land
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4185002021
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jo O'Key • Brock Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "