64 15Th Court

  • Hermosa Beach

  • $1,999,000
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Residential Income Details

Description
NOT JUST AN AMAZING LOCATION!!! Located adjacent to Grandview Inn and catty-cornered to Beachhouse less than a half block to the famous Hermosa Strand, this vintage duplex on a commercially zoned 30 X 95 (2,850 SF) beach lot has all kinds of possibilities. It can be used as a legal non-conforming duplex and the rents shown in the analysis reflect that. Or, it can be used as a legal non-conforming structure with a conforming use by renting it on a daily or weekly basis and treating it like a hotel or Bed and Breakfast (for which it is zoned and for which the current owner uses it). You could even build a new 1, 2 or 3 unit "hotel"; or develop an office or other commercial building. One of the best uses is to build a 2-unit "hotel" with one larger and one smaller unit. This way an owner/investor could occupy it 90 days out of the year and use for short term rentals the rest of the time. This is a very similar format to what the Beachhouse "condotel" does, except there are no condo fees. This property makes a terrific land bank in an area of the downtown Hermosa Beach commercial zone that continues to undergo a transformation that will keep it at the forefront of southern California Beach communities - I mean it is already often referred to as one of the most beautiful beaches in the Southern California. There is an abundance of on-site parking, including a single car garage accessed off 15th Crt and 6-9 spaces accessed off 14th street.
Essential
MLS #SB18093854
Price$1,999,000
Number of Units2
Sale TypeStandard
Sub-TypeDuplex
StatusActive
Listing BrokerageRE/MAX Estate Properties
Listing AgentRobert Freedman
Listing Agent BRE #00711607
Co-Listing AgentGreg Geilman
Co-Listing Agent BRE #01788567
Interior
FloorSee Remarks
CoolingWall Window
HeatingWall Heater
FireplaceLiving Room,Wood,See Remarks
Exterior
Garage Spaces1
ViewNone
PoolNone
Community
Area148 - Hermosa Bch Sand
CommunityStreet Lighting
Address64 15Th Court
CityHermosa Beach
CountyLos Angeles
StateCA
ZipCode90254
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Sunday, September 2, 2018. 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.