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Key Details
Sold Price $1,995,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,691 sqft
Price per Sqft $741
MLS Listing ID PW24105089
Sold Date 06/24/24
Bedrooms 2
Full Baths 2
Half Baths 1
HOA Y/N No
Year Built 1952
Lot Size 3,794 Sqft
Property Description
This ocean view duplex presents a rare opportunity for owner occupants to live in the larger unit while collecting income from renting the second unit. For investors, this easy-to-manage duplex offers steady passive income and the historically proven long-term appreciation potential of coastal Southern California property. Located on the bluff above Hermosa Beach, this property features peekaboo ocean views from the owner’s unit living room and full coastline, blue water, and city lights views from the roof deck. Despite its bluff location, the property is still just a short walk from the beach and the dining and entertainment on Pier Avenue. The kitchen and great room of the owner’s unit have been remodeled including a gourmet chef’s kitchen with premium appliances and a large island with a wine fridge and warming drawer. The open concept greatroom layout is perfect for entertaining and there is plenty of space for guests to spread out between two outdoor balcony decks plus the large roof deck. The rooftop hot tub is especially epic, offering superb ocean views. This unit also features a large primary bedroom with walk-in closet, ensuite bathroom, and direct backyard access via a sliding door. A separate indoor laundry room and a two car garage (plus driveway guest space) round out a unique feature set that makes this property especially well-suited to high-end corporate rental tenants or owner occupants. The second unit has a great floorplan including a kitchen, dining room, a living room with fireplace, and a large bedroom with spacious closets. This unit has a separate entrance on the opposite side of the property from the owner’s unit, plus a private outdoor deck and private laundry located in the garage. Unit dimensions are estimated to be approximately 1946sf in the owner’s unit and 745sf in the second unit. There are a total of 4 off-street parking spaces: two in the garage, one in the driveway next to the garage (currently assigned to the tenant in unit two), and a 4th guest space in the driveway in front of the garage. One water meter, two gas meters, and two electric meters.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Rooms
Other Rooms Guest House Attached, Two On A Lot
Main Level Bedrooms 2
Ensuite Laundry Inside
Interior
Interior Features Bedroom on Main Level, Main Level Primary
Laundry Location Inside
Heating Central
Cooling None
Fireplaces Type Family Room, Living Room
Fireplace Yes
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Coastline, Ocean
Attached Garage Yes
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 3
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Guest House Attached, Two On A Lot
New Construction No
Schools
School District Hermosa
Others
Senior Community No
Tax ID 4185014039
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Markus Brown • First Team Real Estate