Active
718 Hermosa Avenue Hermosa Beach, CA 90254
$2,399,000
3 beds
3 baths
1,973 sq ft

Courtesy of Pacifica Properties Group, Inc., Karynne Thim. IDX Contact: 310-374-0303

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Dave Fratello

Dave Fratello

Broker Associate

LIC#01880469

Property Description

Your Flex-Use Vintage California Beach Cottage awaits! Freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping, an 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 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 4,400+ sf 3 story home with rental unit that would be worth approx. $5.7m in today’s market. Positioned on a coveted west-facing 40’ extra-wide lot, each unit has some outdoor space to enjoy the glorious weather and sunshine. It’s all about life by the beach here. This is a fun and active, car-optional location, ideal for beachgoers who love being in the mix and close to Pier Plaza’s restaurants and shops, The Strand, and summer beach concerts. Hermosa’s pristine wide sandy beach is just 8 doors away and is the favored training ground of pro beach volleyball players.

Property Details & Features

Property Type

  • Duplex

Year Built

  • 1912

Schools

  • Hermosa

Appliances and Equipment

  • Gas Range
  • Refrigerator

Bathrooms

  • 3 full bathrooms
  • 3 total bathrooms
  • 3 bathrooms on main level

Bedrooms

  • 3 total bedrooms
  • 3 bedrooms on main level

House

  • Built in 1912
  • Stories: 1
  • 1,973 sqft living area
  • Bungalow
  • Cottage
  • 1 Common Wall
  • One
  • Duplex

Community

  • Curbs
  • Street Lights
  • Sidewalks
  • Urban

Cooling

  • No cooling

Disclosures

  • Listing Broker Advantage

Fence

  • Wood

Interior Features

  • Ceiling Fan(s)

Laundry

  • Inside

Listing

  • Property Subtype: Duplex
  • 121 days on market
  • Listed on 2021-08-06

Location

  • County: Los Angeles

Lot

  • 2996 sqft
  • 0.07 acres
  • Area: 2996
  • Near Public Transit
  • Rectangular Lot
  • Street Level
  • Value In Land

Property

  • WalkScore: 91
  • 2 units
  • Property attached

Roof

  • Shingle

Schools

  • High School District: Hermosa

Sewer

  • Public Sewer

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