Hermosa Beach, CA 90254,307 25Th ST
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Hermosa Beach, CA 90254,307 25Th ST
Hermosa Beach, CA 90254,307 25Th ST
Hermosa Beach, CA 90254,307 25Th ST
Hermosa Beach, CA 90254,307 25Th ST

$1,875,000

Est. payment /mo

$1,995,000

6.0%
Est.Price: ?

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307 25Th ST Hermosa Beach, CA 90254

2,304 Sqft Lot

SOLD DATE : 01/21/2022

Key Details

Sold Price $1,875,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21778442

Sold Date 01/21/22

HOA Y/N No

Year Built 1947

Lot Size 2,304 Sqft

Property Description

This duplex is an opportunity to acquire prime real estate in the North Hermosa Sand Section. This part of Hermosa Beach has been experiencing tremendous development which includes the recently completed, Hermosa Vista Elementary School next door. The property consists of a mix of (2) one-bed/one-bath units. A new investor can capitalize on the tight rental market and high rents in this neighborhood by implementing a strategic unit interior and exterior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. The property boasts 47% rental upside potential. Tenants appreciate the convenient location just blocks from the world-famous beaches. Ideally located in a mostly residential corridor, the property is also a short walk to Downtown Hermosa Beach for dining, entertainment, and retail. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Zoning HBR2YY

Interior

Heating Combination

Flooring Laminate, Tile

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator

Exterior

Garage Spaces 2.0

Garage Description 2.0

View Y/N Yes

View Bay, Coastline

Roof Type Composition

Total Parking Spaces 2

Building

Faces South

Story 2

Architectural Style Contemporary

New Construction No

Others

Senior Community No

Tax ID 4182028010

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nabil Awada • Matthews Real Estate Investment Services
Bought with Greg Maffei • Greg Maffei Broker

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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