307 25Th Street, Hermosa Beach, CA 90254
- $1,875,000
- Sold Price
- $1,875,000
- List Price
- $1,995,000
- Closing Date
- Jan 21, 2022
- Status
- CLOSED
- MLS#
- 21778442
- Year Built
- 1947
- Lot Size
- 2,304
- Acres
- 0.05
- Days on Market
- 0
- Property Type
- Multifamily
- Style
- Contemporary
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.
/u.realgeeks.media/southbayonsale/New_Logo_No_Smoke_In_Fireplace.png){kind=logo}
Additional Information
- Appliances
- Dishwasher, Disposal, Refrigerator
- Heat
- Combination
- View
- Bay, Coastline
- Roof
- Composition
- Garage Spaces Total
- 2
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Nabil Awada (nabil.awada@matthews.com) from Listing Office: Matthews Real Estate Investment Services.
Listing sold by Greg Maffei from Greg Maffei Broker
Mortgage Calculator
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.