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    1/2 BATHS
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    $/SQFT

Listing Details

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Neighborhood
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Built
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School Ratings & Info

Description

Your Flex-Use Vintage California Beach Cottage awaits! Freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping, an inviting, beachy character shines through. Classic charm like this simply cant be replicated in newer buildings, and theres a further value-add opportunity 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 an ADU that would be worth approx. $5.5m in todays market. Positioned on a coveted west-facing 40 extra-wide lot, the building is currently configured as a 2 bedroom, 1 bath on the south side. On the north side theres a 1 bedroom, 1 bath in the front plus a studio and bath in the back. Each unit has some outdoor space to enjoy the glorious weather and sunshine. Its 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 Plazas res Your Flex-Use Vintage California Beach Cottage awaits! Freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping, an inviting, beachy character shines through. Classic charm like this simply cant be replicated in newer buildings, and theres a further value-add opportunity 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 an ADU that would be worth approx. $5.5m in todays market. Positioned on a coveted west-facing 40 extra-wide lot, the building is currently configured as a 2 bedroom, 1 bath on the south side. On the north side theres a 1 bedroom, 1 bath in the front plus a studio and bath in the back. Each unit has some outdoor space to enjoy the glorious weather and sunshine. Its 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 Plazas restaurants and shops, The Strand, and summer beach concerts. Hermosas pristine wide sandy beach is just 8 doors away and is the favored training ground of pro beach volleyball players including Olympic Gold Medalists Alix Klineman and April Ross among many others. Its all about life by the beach here.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.yournextcalihome.com/homes/120191779
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718 Hermosa Avenue Hermosa Beach, CA 90254

  • Price: $2,399,000
  • Status: ACTIVE
  • Updated: 227 min ago
  • ID#: SB21170201
3
Beds
3
Baths
0
½ Baths
0.07
Acres
1,973
SQFT
$1,216
$/SQFT
1912
Built
Neighborhood:
Hermosa Beach (90254)
County:
Los Angeles
Area:
Hermosa Beach (90254)
Property Description
Your Flex-Use Vintage California Beach Cottage awaits! Freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping, an inviting, beachy character shines through. Classic charm like this simply cant be replicated in newer buildings, and theres a further value-add opportunity 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 an ADU that would be worth approx. $5.5m in todays market. Positioned on a coveted west-facing 40 extra-wide lot, the building is currently configured as a 2 bedroom, 1 bath on the south side. On the north side theres a 1 bedroom, 1 bath in the front plus a studio and bath in the back. Each unit has some outdoor space to enjoy the glorious weather and sunshine. Its 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 Plazas res Your Flex-Use Vintage California Beach Cottage awaits! Freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping, an inviting, beachy character shines through. Classic charm like this simply cant be replicated in newer buildings, and theres a further value-add opportunity 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 an ADU that would be worth approx. $5.5m in todays market. Positioned on a coveted west-facing 40 extra-wide lot, the building is currently configured as a 2 bedroom, 1 bath on the south side. On the north side theres a 1 bedroom, 1 bath in the front plus a studio and bath in the back. Each unit has some outdoor space to enjoy the glorious weather and sunshine. Its 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 Plazas restaurants and shops, The Strand, and summer beach concerts. Hermosas pristine wide sandy beach is just 8 doors away and is the favored training ground of pro beach volleyball players including Olympic Gold Medalists Alix Klineman and April Ross among many others. Its all about life by the beach here.
Exterior Features

Fencing Wood Lot Size 1-3999 SF Parking Spaces Total 0 Pool N/K Residential Styles Townhome Residential Unit Location 1 Common Wall Roof Shingle Site CurbsSidewalks Topography Level View N/K

Interior Features

Bath Totals 3 Bedrooms Total 3 Cooling N/K Equipment Available RefrigeratorGas Range Fireplace N/K Laundry Location Inside Searchable Rooms KitchenLiving Room Stories 1 Story

Property Features

Architectural Style CottageCraftsman/Bungalow Assessments Unknown Home Owners Fees 0.0 Miscellaneous Value in LandUrban Sales Restrictions Standard Sewer Septic Public Sewer Terms CashConventionalCash To New Loan Water Public Zoning Hbr3yy

Listing provided courtesy of Pacifica Properties Group, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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10620 Treena St, Suite 230
San Diego CA, 92131