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 a legal non-conforming structure with a conforming use by renting it on a daily or weekly basis and treating it like a hotel (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 for office or other commercial use. One of the best uses is as 2-unit "hotel" with 1 larger and 1 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 property makes a terrific land bank in an area of the downtown Hermosa Beach zone that continues to undergo a transformation that will keep it at the forefront of southern California Beach communities - 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. C2 Downdown district has a 30' height limit and no side yards set-back required; most uses require 3 spaces per 1000 square feet of floor area. But you can buy spaces from the City in this district.
|Lot Square Feet||≈ 2,850|
|Area||148 - Hermosa Bch Sand|
|Listing Brokerage||RE/MAX Estate Properties|
|Listing Agent||Robert Freedman|
|Listing Agent BRE #||00711607|
|Co-Listing Agent||Greg Geilman|
|Co-Listing Agent BRE #||01788567|
Based on information from California Regional Multiple Listing Service, Inc. as of Sunday, September 2, 2018.
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