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307 25Th St

Hermosa Beach, CA 90254
  • $1,995,000
  • STATUS: Active
  • ON SITE: 89 Days
  • MLS #: 21-778442
Price Reduced
UPDATED: 65 min ago
$1,995,000
  • 2
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,320
    SQFT
  • $1,511
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Description

This duplex is an opportunity to acquire prime real estate in the North Hermosa Sand Section. This part of Hermosa Beach has been experiencing tremendous development which includes the recently completed, Hermosa Vista Elementary School next door. The property consists of a mix of (2) one-bed/one-bath units. A new investor can capitalize on the tight rental market and high rents in this neighborhood by implementing a strategic unit interior and exterior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. The property boasts 47% rental upside potential. Tenants appreciate the convenient location just blocks from the world-famous beaches. Ideally located in a mostly residential corridor, the property is also a short walk to Downtown Hermosa Beach for dining, entertainment, and retail. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-29T06:42:36.4. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/120983426
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307 25Th St Hermosa Beach, CA 90254

  • Price: $1,995,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 65 min ago
  • MLS #: 21-778442
2
Beds
0
Baths
0
½ Baths
0.05
Acres
1,320
SQFT
$1,511
$/SQFT
1947
Built
Neighborhood:
Hermosa Beach Sand
County:
Los Angeles
Area:
Hermosa Beach Sand
Property Description
This duplex is an opportunity to acquire prime real estate in the North Hermosa Sand Section. This part of Hermosa Beach has been experiencing tremendous development which includes the recently completed, Hermosa Vista Elementary School next door. The property consists of a mix of (2) one-bed/one-bath units. A new investor can capitalize on the tight rental market and high rents in this neighborhood by implementing a strategic unit interior and exterior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. The property boasts 47% rental upside potential. Tenants appreciate the convenient location just blocks from the world-famous beaches. Ideally located in a mostly residential corridor, the property is also a short walk to Downtown Hermosa Beach for dining, entertainment, and retail. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.
Exterior Features

Direction Faces South Lot Size Area 2304 Other Structures None Parking Garage Attached Roof Composition Style Contemporary Total Parking 2 View Description CoastlineBay View YN Yes

Interior Features

Bathroom Features Remodeled Baths Total 2.00 Common Walls Attached Cooling Other Equipment DishwasherRange/OvenRefrigeratorGarbage Disposal Flooring TileLaminate Heating Combination

Property Features

Assessed Total Value 1165713 Gross Income 58800 Gross Operating Income 58800 Land Lease Type Fee Like Units1 1 Like Units2 1 Net Operating Income 34043.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 24757 Type Of Units Standard Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Hbr2yy

Listing provided courtesy of Nabil Awada DRE# of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-29T06:42:36.4. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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