$13,887,500
$14,700,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
8,572 Sqft Lot
SOLD DATE : 04/30/2024
Key Details
Sold Price $13,887,500
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23172872
Sold Date 04/30/24
Construction Status Turnkey
HOA Y/N No
Year Built 1959
Lot Size 8,572 Sqft
Lot Dimensions Assessor
Property Description
Iconic Hermosa Beach trophy property, The Beach House, is now available with a 3.08% Assumable Interest Only Loan - Matures 6/1/2030. This fully furnished renovated property sits just a few doors from the Hermosa Strand and Hermosa’s world class volleyball and beaches. Completely renovated in 2019 with another refresh in 2022 by the current owners, this property is fully stabilized with a 3.08% assumable interest only loan. This 3.08% loan is like going back in time and even better, it does not mature until June 1, 2030. It includes 15 1-bedroom/1-bath units and one 2-bedroom/2-bath unit, each loaded with amenities. Your tenants just have to unpack their clothes and start renting at strong proven rents. The units include washer/dryer, television, wifi, heating and cooling, stainless steel appliances, and beautiful interiors. The courtyard is truly a unique gathering place for all tenants. It includes 3 large TVs, full WIFI coverage, a built-in bbq, custom fire-pit, full size bar and 5 daybeds. The amenities continue with an on-site workout room/gym and 16 enclosed garages. The property is fully gated within an amazing community just steps from Pier Avenue and the bars, restaurants, yoga studios and other attractions. Again, don't forget you can go back in time and get a 3.08% Assumable Interest Only Loan - Matures 6/1/2030.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBR3YY
Interior
Interior Features Balcony, Ceiling Fan(s), Furnished, Multiple Staircases, Quartz Counters, Recessed Lighting
Heating Ductless
Cooling Ductless
Flooring Laminate
Fireplaces Type Gas
Fireplace Yes
Appliance Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator, Range Hood, Dryer, Washer
Laundry Inside
Exterior
Exterior Feature Fire Pit
Garage Garage Faces Front, Garage, Garage Door Opener, On Site, Private, Garage Faces Rear
Garage Spaces 16.0
Garage Description 16.0
Fence Security
Pool None
Community Features Biking, Curbs, Fishing, Water Sports, Gated, Park
Utilities Available Cable Available, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Side Of Highway
View Y/N Yes
View Ocean
Roof Type Flat
Accessibility None
Total Parking Spaces 16
Private Pool No
Building
Lot Description Level, Near Park
Faces North
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 4183004010
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Acceptable Financing Contract
Listing Terms Contract
Financing Assumed
Special Listing Condition Standard
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Bought with Jeff Adkison • JLL
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "