An outstanding opportunity to obtain a 4 unit property in the heart of Hermosa Beach! Create an income opportunity now and land bank, or bring in income while planning a future custom single family home with jaw-dropping ocean views! An ideal location close to all the shopping, dining and community activity in Downtown Hermosa and just a few short blocks from The Strand and the beach.
FRONT BUILDING -
The Manhattan Avenue side of the lot finds a building with 2 units. One unit is situated directly over a 2 car garage and features 2 bedrooms, 2 baths, a large ocean view living room and a large kitchen. The 2nd unit is found above and features 2 bedrooms and 1 bath. It enjoys vaulted ceiling, vintage cottage design details and an outstanding ocean view. Behind the 2 car garage is a large bonus room with a 3/4 bath; it could be a potential home office, workout room, or art studio or hobby room.
BACK BUILDING -
The Bayview Drive side of the lot finds a 2nd building, also with 2 units, A 1 bed, 1 bath unit on the street level offers a living area, large bedroom with walk-in closet, a separate kitchen and a full bath. The 2nd unit is located above and it offers an abundantly sized living/dining room combo, a sunny kitchen, 2 cottage-cute bedrooms and 1 bath.
Homeowners in Hermosa Beach enjoy popular community events such as Fiesta Hermosa, which is an annual street fair that takes place every Memorial Day and Labor Day weekend. The community centers around the beach volleyball and surf culture, hosting numerous events such as the USA Volleyball HP National Championships and the International Surf Festival. The weekly Farmer's Market is within walking distance of most homes as well as Hermosa View and Hermosa Valley schools. Hermosa families enjoy “ school-of-choice” at the high school level and can attend either Mira Costa or Redondo Union. With Silicon Beach, the Downtown LA financial district and LAX all close by, anyone looking to effortlessly enjoy a blend of coastal living and a metropolitan backdrop all find the South Bay an ideal place to live.
Actual Rents Market Rents
(1) 2 bed, 2 bath upper unit over front 2 car garage (Ocean Views) *Occupied M2M $2,650 mo $3,500/mo
(1) 2 bed, 1 bath upper unit in front building (Ocean Views) * Vacant $2,300/mo $3,200/mo
(1) 1 bed, 1 bath lower unit in rear building * Occupied M2M $1,350/mo $1,800/mo
(1) 2 bed, 1 bath upper unit in rear building * Occupied on one year lease $1,825/mo $2,700/mo