Attention investors, second home buyers, vacation property specialists, landbankers and developers! This Flex-Use Vintage California Beach Cottage presents many opportunities for the astute buyer. Ready for occupancy now, the property was just freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping. Its 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 to maximize rents and value 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 a rental unit that would be worth approx. $5.7m in today’s market. The property is positioned on a coveted west-facing 40’ extra-wide lot. 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.
- Fence:
- Wrought Iron
- Roof Deck:
- Fire Retardant
- Parking:
- 0.00
- New Construction YN:
- 0
- Laundry:
- See Remarks
- Sewer:
- Conventional Septic
- Room Type:
- Living Room, Kitchen
- Common Walls:
- 1 Common Wall
- Senior Community:
- 0
- List Agent Agent ID:
- STHIMKAR
- Water Source:
- Public
- Lot Features:
- Level With Street, Rectangular Lot, Value In Land, Near Public Transit
- Community Features:
- Sidewalks, Street Lights, Curbs, Urban
- Flooring:
- Wood, Carpet, Tile, Laminate
- Architectural Style:
- Cottage, Bungalow
- Appliances:
- Vented Exhaust Fan, Electric Oven
- Interior Features:
- Ceiling Fan(s)
- Street:
- Hermosa
- Street Number:
- 724
- Street Suffix:
- Avenue
- Zip4:
- 4450
- Floor Number:
- 0
- Longitude:
- W119° 36' 4.2''
- Latitude:
- N33° 51' 31.9''
- Listing Courtesy of:
- Pacifica Properties Group, Inc.
- TaxAnnualAmount:
- $0
- Zoning:
- HBR3YY
- Lot Size Square Feet:
- 2,996 Sqft
- List Agent Last Name:
- Thim
- List Agent License Number:
- 01161295
- Special Listing Conditions:
- Standard, Trust
- List Office ID:
- SB1366730
- List Agent First Name:
- Karynne
- Directions:
- Cross streets 8th and Hermosa Ave
- Virtual Tour URL Unbranded:
- Click Here
- MLSAreaMajor:
- 148 - Hermosa Bch Sand
- Levels:
- One
- Parcel Number:
- 4187021040
- List Agent License Number:
- 02142076
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
724 Hermosa Avenue, Hermosa Beach, California 90254
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- SB21173271
- List Price :
- $2,399,000
- Year Built :
- 1912
- Lot Area :
- 0.07 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Hermosa Beach
- Zipcode:
- 90254
- Close Price :
- $2,350,000
- Status :
- Closed
- Property Type :
- Duplex
- Price Per Square Foot :
- $1,191
- Days on Market :
- 170
