Property listed by Marcus & Millichap, 424-405-3900
$2,795,000
FULLY OCCUPIED - SELLER WILL OFFER FLEXIBLE TERMS TO QUALIFIED BUYER - SELLER FINANCE AVAILABLE. The subject property represents a rare and highly desirable land assemblage totaling approximately 7,691 square feet in the heart of Hermosa Beach. Currently operating as a four-unit income-producing asset, the property offers investors immediate cash… Read More flow while presenting a compelling long-term redevelopment opportunity. The site benefits from a larger-than-average buildable envelope, which is uncommon for the immediate submarket and provides enhanced design flexibility for a future buyer. Based on preliminary analysis, there is a potential opportunity to develop two single family residences along with two accessory dwelling units (ADUs), allowing for a unique and versatile end use. (Buyer to verify all zoning, development standards, and feasibility with the City of Hermosa Beach.) Compared to recent land sales in the surrounding area, the property offers a significant discount on a per-lot and per-square-foot basis, particularly when considering the scale of the assemblage and its potential for creative redevelopment. This positions the asset as an attractive acquisition for both end-users seeking a generational homesite and builders targeting premium coastal product. In summary, the subject property combines current income, rare lot size, and long-term upside, making it one of the more unique opportunities available in the Hermosa Beach market. Read Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
SingleFamilyResidence
Beds
6
Full Baths
5
Square Ft.
3,200
Lot Size
0.18 Acres
MLS Number
26844077
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Living area: 3200.0, 1 storey, Levels: One
Cooling
None
Fireplaces
None
Heating
WallFurnace
Laundry
None
Lot
0.1766 acres
Parking
Uncovered
Pool
None
Taxes
Parcel Number: 4185016015, Zoning: HBC3YY
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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