2468 Silverstrand Avenue, Hermosa Beach, CA 90254

$2,175,000
List Price
$2,175,000
Price Change
▼ $100,000 1502730558
Status
ACTIVE UNDER CONTRACT
MLS#
SB17162184
Year Built
1929
Lot Size
2,536
Lot Location
0-1 Unit/Acre, Corner Lot
Days on Market
69
Property Type
Multifamily
Property Sub Type
Triplex
Stories
Two Level

Property Description

$100k price reduction on 8/14/17. THIS PROPERTY IS AVAILABLE!! NORTH HERMOSA...locals know this to be the best beach in the SouthBay. BEST FULL-LOT INCOME PROPERTY VALUE IN THE MANHATTAN OR HERMOSA SAND SECTIONS!! And Hermosa is internationally known, having been named as one of the best beach towns in the USA in the past. Nestled in a rapidly developing enclave a few minute walk to the pristine sand is this prominent triplex on a unique corner lot. Current income is $80,400/year and may be simply a good hold. But, it is also a great site for the exquisitely planned (by a popular local architect) ocean-view home jutting toward Malibu and the Santa Monica Mountains. Current building has two 1-bedroom units below with a 2-bedroom plus office/exercise area above with ocean view. Each unit has a private yard and a single car garage space with additional off-street parking. One of the lower units has enjoyed a kitchen remodel...the top 2-bedroom unit has a newer kitchen and bath. Laundry facilities with washer and dryer are on the property for all tenants to use. Square footage is taped and is different that that n the tax records. Recent rent analysis indicates market rents for the 1-bedrooms units is approx. $2,200 per month. City records show 3-units. It appears all square footage is permitted. Buyer to verify all information that, though believed to be true, is not guaranteed. SEE AGENT REMARKS

Additional Information

Tract Number
113
Lot Description
Curbs, Gutters, Sidewalks, Street Lighting
Pool Description
None
Garage Spaces Total
3
Sewer
Sewer Paid
Water
Public
Attached Structure
Attached

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of John Garland from John Garland Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.