201 28th Street,  Hermosa Beach CA, 90254 (Residential Income)

2,575 sqft
Status: Pending
MLS#: SB16749512
Skip Slideshow
Last Updated: 12/2/2016 1:03 PM
Description for 201 28th Street Hermosa Beach, CA 90254
North Hermosa ocean view duplex investment opportunity located within desirable beach lifestyle neighborhood just steps to the sand and surf. High demand area, with easy-to-rent units. Perennially popular due to views, layouts, parking and proximity to downtown areas of both Hermosa and Manhattan, plus “five corners” neighborhood favorite markets, restaurants and bars where locals and resident professional athletes alike gather in a low-key friendly environment. Whether you’re a buyer, investor or developer, the possibilities are endless. Buy and hold with built-in reliable rental income and for capital appreciation. Renovate existing original interiors for added value and significant upside in rents (estimated potential $6,000 & $3,200 = 3.3 cap). Or, live in one unit and rent the other for an affordable beach lifestyle while your tenant helps to payoff your mortgage. Also possible to build a brand new, panoramic ocean view home with 3,600 sf. Regardless of how you chose to utilize this property, its location, full lot and unit configuration are a winning combination. Square footage per appraisal. Buyer to verify.
Price
$2,400,000
Los Angeles
2,575 (approx)
SB16749512
Pending
Description
North Hermosa ocean view duplex investment opportunity located within desirable beach lifestyle neighborhood just steps to the sand and surf. High demand area, with easy-to-rent units. Perennially popular due to views, layouts, parking and proximity to downtown areas of both Hermosa and Manhattan, plus “five corners” neighborhood favorite markets, restaurants and bars where locals and resident professional athletes alike gather in a low-key friendly environment. Whether you’re a buyer, investor or developer, the possibilities are endless. Buy and hold with built-in reliable rental income and for capital appreciation. Renovate existing original interiors for added value and significant upside in rents (estimated potential $6,000 & $3,200 = 3.3 cap). Or, live in one unit and rent the other for an affordable beach lifestyle while your tenant helps to payoff your mortgage. Also possible to build a brand new, panoramic ocean view home with 3,600 sf. Regardless of how you chose to utilize this property, its location, full lot and unit configuration are a winning combination. Square footage per appraisal. Buyer to verify.
Listing Information
Property Type: Cluster, 2 Story
0.05 Acres 239,600 sq.ft. 2,575 (approx)
$932.04 1973
Yes- 2 spaces 2
Stucco
2 Total
Neighborhood
Room Information
Laundry Area
Interior Features
Dishwasher, Garbage Disposal, Refrigerator
Carpet Wall to Wall, Vinyl
Forced Air
Exterior / Lot Features
2 Garage Spaces, 3 Parking Spaces, 2 Car Garage
Stucco
Balcony
Composition
None
No Pool
Ocean, Coastline View
30 X 80
Sidewalks
Driving Directions
28th/Manhattan Ave.
Financial Considerations
4181022044
$78,600 Income ,$31,560Expense
Listing Price History

Hermosa Beach Real Estate

Hermosa Beach is located in California. Hermosa Beach, California 90254 has a population of 19,535.

The median household income in Hermosa Beach, California 90254 is $100,696. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Hermosa Beach 90254 is 38.5 years.

Loading nearby sales and history ...
Courtesy: Strand Hill Properties Karynne Thim
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby