64 15th Court

    Hermosa Beach, CA 90254
    • $1,999,000
    • STATUS: Active
    • ON SITE: 201 days
    • ID#: SB18093854
    UPDATED: 63 min ago
    $1,999,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,441
      SQFT
    • $1,387
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:

    School Ratings & Info

    Description

    NOT JUST AN AMAZING LOCATION!!! Located adjacent to Grandview Inn and catty-cornered to Beachhouse less than a half block to the famous Hermosa Strand, this vintage duplex on a 30 X 95 (2,850 SF) beach lot has all kinds of possibilities. It can be used as a second home as a legal non-conforming duplex and the rents shown in the analysis reflect that. Or, it can be used as a legal non-conforming structure with a conforming use by renting it on a daily or weekly basis (for which it is zoned and for which the current owner uses it). This property makes a terrific land bank in an area of the downtown Hermosa Beach commercial zone that continues to undergo a transformation that will keep it at the forefront of southern California Beach communities - I mean it is already often referred to as one of the most beautiful beaches in the Southern California. There is an abundance of on-site parking, including a single car garage accessed off 15th Crt and 6-9 spaces accessed off 14th street.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T09:28:25.883. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/82992327

    64 15th Court Hermosa Beach, CA 90254

    • Price: $1,999,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: SB18093854
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1,441
    SQFT
    $1,387
    $/SQFT
    1932
    Built
    Neighborhood:
    148 - Hermosa Bch Sand
    County:
    Los Angeles
    Area:
    148 - Hermosa Bch Sand
    Property Description
    NOT JUST AN AMAZING LOCATION!!! Located adjacent to Grandview Inn and catty-cornered to Beachhouse less than a half block to the famous Hermosa Strand, this vintage duplex on a 30 X 95 (2,850 SF) beach lot has all kinds of possibilities. It can be used as a second home as a legal non-conforming duplex and the rents shown in the analysis reflect that. Or, it can be used as a legal non-conforming structure with a conforming use by renting it on a daily or weekly basis (for which it is zoned and for which the current owner uses it). This property makes a terrific land bank in an area of the downtown Hermosa Beach commercial zone that continues to undergo a transformation that will keep it at the forefront of southern California Beach communities - I mean it is already often referred to as one of the most beautiful beaches in the Southern California. There is an abundance of on-site parking, including a single car garage accessed off 15th Crt and 6-9 spaces accessed off 14th street.
    Exterior Features

    Architectural Style Spanish Construction Materials Stucco Garage Spaces 1.00 Lot Features Level With StreetLot-Level/FlatNear Public TransitPark Nearby Lot Size Dimensions 30 X 95 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 7.00 Pool Features None Pool Private YN No Property Attached YN No View None View YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 600 Average1 Bed Area Units Square Feet Average2 Bed Area 841 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall Window Cooling YN Yes Fireplace Features Living RoomWoodSee Remarks Fireplace YN Yes Flooring See Remarks Heating Wall Heater Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 2.45 Community Features Street Lighting Country Us Electric Standard Electric Expense 1800.00 Elevation Units Feet Fuel Expense 480.00 Garage Income 0.00 Gardener Expense 720.00 Gross Income 84000.00 Gross Multiplier 23.79 Gross Operating Income 82320.00 Gross Scheduled Income 84000.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN No Lot Dimensions Source Assessor Maintenance Expense 3400.00 Maintenance Percent 5.00 Net Operating Income 49102.00 New Construction YN No New Taxes Expense 25245.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 0 Number With Carpet 2 Number With Dishwasher 2 Number With Drapes 2 Number With Patio 2 Number With Range 2 Number With Refrigerator 2 Operating Expense 33218.00 Operating Expense Percent 39.54 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 7000.00 Total Expenses 33218.00 Trash Expense 1632.00 Utilities Sewer Connected Vacancy Allowance 1680 Vacancy Allowance Rate 2.00 Water Sewer Expense 360.00 Water Source Public Year Built Source Assessor Zoning Hbc2yy

    Listing provided courtesy of Robert Freedman of Re/Max Estate Properties and Greg Geilman of Re/Max Estate Properties.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T09:28:25.883. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604