Attention investors, second home buyers, vacation property specialists, landbankers and developers! This Flex-Use Vintage California Beach Cottage presents many opportunities for the astute buyer. Ready for occupancy now, the property was just freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping. Its inviting, beachy character shines through! Classic charm like this simply can’t be replicated in newer buildings, and there’s a further value-add opportunity to maximize rents and value by upgrading the kitchens and bathrooms. As a duplex, this property provides many flexible and versatile use options. 1) Hold it as a legacy investment property to build generational wealth as the current owners have. 2) Live in one of the units and rent out the other for income - the rent will offset about $900k of your mortgage, making it a compelling effective net purchase of $1.6m. 3) Use it as a fun vacation home or vacation rental where the side-by-side units provide co-living for extended family/kids in their own private spaces. 4) Set your children up to live in a family-owned property while they attend college or start their professional life, then retain for investment or build your dream home. 5) Develop a beautiful new
MLS #
CRSB21173271
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.50
Appliances
Other, Oven Range - Gas, Refrigerator
Flooring
Laminate
Roof
Shingle
Pool
None
Style
Bungalow, Cottage
Garage/Parking
Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
– | – | 2 |
Unit # | Sq Ft | Beds | Baths | Rent |
---|---|---|---|---|
1 | 986 | – | 0/0 | – |
724 Hermosa Ave is a Duplex in Hermosa Beach, CA 90254. This – square foot property sits on a 2,996 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,350,000 and was built in 1912.
This address can also be written as 724 Hermosa Ave, Hermosa Beach, CA 90254.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of August 14, 2022. For the most current information, please contact Karynne Thim, (310) 753-7816