$100k price reduction on 8/14/17. THIS PROPERTY IS AVAILABLE!! NORTH HERMOSA…locals know this to be the best beach in the SouthBay. BEST FULL-LOT INCOME PROPERTY VALUE IN THE MANHATTAN OR HERMOSA SAND SECTIONS!! And Hermosa is internationally known, having been named as one of the best beach towns in the USA in the past. Nestled in a rapidly developing enclave a few minute walk to the pristine sand is this prominent triplex on a unique corner lot. Current income is $80,400/year and may be simply a good hold. But, it is also a great site for the exquisitely planned (by a popular local architect) ocean-view home jutting toward Malibu and the Santa Monica Mountains. Current building has two 1-bedroom units below with a 2-bedroom plus office/exercise area above with ocean view. Each unit has a private yard and a single car garage space with additional off-street parking. One of the lower units has enjoyed a kitchen remodel…the top 2-bedroom unit has a newer kitchen and bath. Laundry facilities with washer and dryer are on the property for all tenants to use. Square footage is taped and is different that that n the tax records. Recent rent analysis indicates market rents for the 1-bedrooms units is approx. $2,200 per month.
City records show 3-units. It appears all square footage is permitted. Buyer to verify all information that, though believed to be true, is not guaranteed.
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