$1,800,000
$2,750,000
34.5%For more information regarding the value of a property, please contact us for a free consultation.
3,994 Sqft Lot
SOLD DATE : 04/11/2024
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24033008
Sold Date 04/11/24
HOA Y/N No
Year Built 1912
Lot Size 3,994 Sqft
Property Description
***Back on the market, buyer could not perform*** Introducing an exceptional investment opportunity in the highly sought-after Hermosa Beach Sand section! Located just steps from the Strand, this remarkable income property boasts panoramic ocean views stretching from Palos Verdes to Malibu, best enjoyed from the expansive 400 square foot rooftop deck featuring artificial turf, a fireplace, a sitting area, and a sunbathing spot, or enjoy the amazing view from the living room of the rear unit. This triplex comprises a spacious 2-bed, 2-bath unit and (two) 1-bed, 1-bath units, all currently occupied by longstanding tenants with a proven track record of consistent rent payments, ensuring immediate income generation. With tenants on flexible month-to-month leases, transitioning to new ownership is seamless, offering investors and developers a fantastic value-add opportunity. This property offers (two) 2-car garages, individual laundry in each unit, private decks, an enclosed backyard/patio space, and lightly updated kitchens. Situated just off Hermosa Beach’s renowned Pier Avenue, residents can indulge in a plethora of dining, shopping, and beachfront delights. Whether you’re an investor, vacation property specialist, land developer, or a savvy buyer with dreams of crafting your own home, this property offers endless possibilities!
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Zoning HBRPYY
Interior
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Door-Multi, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Dog Park, Fishing, Park, Sidewalks, Water Sports
View Y/N Yes
View Catalina, Ocean, Water
Parking Type Door-Multi, Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 4187006021
Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Mark Leddy • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "