60 15th Street, Hermosa Beach, CA 90254

$9,000,000
7,903
SqFt
List Price
$9,000,000
Price Change
▼ $250,000 1539728073
Status
ACTIVE
MLS#
PW18208847
Year Built
1959
Living Sq. Ft
7,903
Lot Size
8,572
Lot Location
Lot Shape-Rectangular
Days on Market
143
Property Type
Multifamily

Property Description

This property boasts an outstanding trophy location just 100 yards from the beach, steps from Noble Park, and two blocks from Pier Avenue and its popular restaurants and bars. Additionally, Hermosa Beach House is located adjacent to the 30-room H20 Hotel development, and the median household income within one-mile exceeds $110,000. Hermosa Beach House consists of one two-story building that contains one two-bedroom and 15 one-bedroom units that are mastermetered for all utilities. The building also features a pool, garage parking, and on-site laundry. With substantial potential upside in rents and an excellent location in an affluent coastal city, Hermosa Beach House presents an outstanding value-add opportunity. Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.

Additional Information

Tract Number
N/A
Lot Description
Urban
Pool
Yes
Pool Description
Private, Fenced, In Ground
Garage Spaces Total
16
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
16

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Steven Bogoyevac from Steven M. Bogoyevac, Broker

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.