$1,995,000
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307 25Th St Hermosa Beach, CA 90254
2 Beds
2 Baths
1,320 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,320 sqft
Price per Sqft $1,420
MLS Listing ID 21-778442
Style Contemporary
Bedrooms 2
Year Built 1947
Lot Size 2,304 Sqft
Property Sub-Type Multi-Family
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.
Location
State CA
County Los Angeles
Area Hermosa Beach Sand
Zoning HBR2YY
Rooms
Other Rooms None
Interior
Heating Combination
Cooling Other
Flooring Tile, Laminate
Equipment Dishwasher, Range/Oven, Refrigerator, Garbage Disposal
Exterior
Parking Features Attached
Garage Spaces 2.0
View Y/N Yes
View Coastline, Bay
Roof Type Composition
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Greg Maffei Broker