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    307 25Th Street

    Hermosa Beach, CA 90254
    • $2,125,000
    • STATUS: Active
    • ON SITE: 55 Days
    • ID#: 21778442
    UPDATED: 62 min ago
    $2,125,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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. Upgraded units like these typically rent for $3,200+. The property boasts 35% 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 California Regional Multiple Listing Service, Inc. as of 2021-10-26T09:24:47.707. 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 or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/120987723
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    307 25Th Street Hermosa Beach, CA 90254

    • Price: $2,125,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 21778442
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    1947
    Built
    Neighborhood:
    148 - Hermosa Bch Sand
    County:
    Los Angeles
    Area:
    148 - Hermosa Bch 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. Upgraded units like these typically rent for $3,200+. The property boasts 35% 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

    Architectural Style Contemporary Direction Faces South Parking Total 2 Roof Composition View BayCoastline View YN Yes

    Interior Features

    Appliances DishwasherDisposalRefrigerator Flooring LaminateTile Heating Combination Heating YN Yes

    Property Features

    Garage YN Yes Gross Income 58800 Land Lease YN No Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 32497 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Hbr2yy

    Listing provided courtesy of Nabil Awada of Matthews Real Estate Investment Services and David Harrington of Matthews Real Estate Investment Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T09:24:47.707. 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 or Keller Williams Realty. Licensed in the State of California, USA.
     
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