122 1st Street

Hermosa Beach, CA 90254

$2,350,000
Last Sold Price
5
Beds
4
Baths
2,113 Sq. Ft.
$1,112 / Sq. Ft.
2,113
Sq. Ft.
$1,112
per Sq. Ft.

Description

Amazing investment opportunity to own income property just steps from the sand w/ true pride of ownership! 122 1st St is a Craftsman-style beach cottage legal duplex. This property has ocean views from almost every room in each unit- You can watch people playing volleyball & the waves crashing from your sun porches. The main house has 3 beds & 2 remodeled baths, plus your choice of 3 outdoor decks for lounging & entertaining. The 2nd unit has 2 beds & 1.5 remodeled baths. The master suite is sprawling...Amazing investment opportunity to own income property just steps from the sand w/ true pride of ownership! 122 1st St is a Craftsman-style beach cottage legal duplex. This property has ocean views from almost every room in each unit- You can watch people playing volleyball & the waves crashing from your sun porches. The main house has 3 beds & 2 remodeled baths, plus your choice of 3 outdoor decks for lounging & entertaining. The 2nd unit has 2 beds & 1.5 remodeled baths. The master suite is sprawling & has a large west facing sun deck. Both units have their own washer/dryer inside, large kitchen islands w/ bar tops, hardwood floors throughout, HVAC, high efficiency heaters, wide open floor plans, tons of natural light, charming character throughout & 5 car garage parking! You won't find parking like this at any other duplex for sale in the HB sand section- 3 car garage for main unit & 2 car private garage for the 2nd unit + tons of storage. Street to alley corner lot, zoned R3. Great south Hermosa location just 1 block to the sand and just a few blocks away to shopping & dining at the Redondo Beach Pier, which is getting a major renovation, as well as the Hermosa Beach Pier, which is also getting a brand new hotel and new shops on Pier Plaza.

Listing Agents

  1. Taya DiCarlo

    Taya DiCarlo

    Listing Agent

    Compass

    DRE #01751317

  2. Listed by Alicia Blackburn • DRE #01855156 • Vista Sotheby's International Realty

Property Details for 122 1st Street

View
Ocean, See Remarks, Water, White Water
Parking Spaces Total
10
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Lot Size Dimensions
95 X 32

Location

Listing Courtesy of Coldwell Banker Residential, Taya DiCarlo, DRE #01751317; Vista Sotheby's International Realty, Alicia Blackburn, DRE #01855156

Sold By Berkshire Hathaway HomeService, Suzanne Dyer, DRE #01054310

Add your commute
LISTING UPDATED: 03/02/2016 06:03 AM

Property Details for 122 1st Street

StatusClosed
MLS #SB16017991
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1993
Lot Size0.07 AC / 3,035 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Residential, Taya DiCarlo, DRE #01751317; Vista Sotheby's International Realty, Alicia Blackburn, DRE #01855156

Sold By Berkshire Hathaway HomeService, Suzanne Dyer, DRE #01054310

Add your commute

Building Information for 122 1st Street

Stories2Residences-Year Built1993Building Size-Lot Size0.07 AC / 3,035 SF

Payment Calculator

$15,244 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$2,419

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 122 1st Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $116,400
  • Vacancy Allowance: 2
  • Net Operating Income: $81,480
  • Other Income Description: CAP Rate & figures- PROFORMA
  • Cap Rate: 3.71
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $32,592
  • New Taxes Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
Tax / Assessment Info
  • Tax Block: 41
  • Tax Tract Number: 6211
  • Tax Lot: 8
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Curbs, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, High Efficiency Water Heater, Microwave, Refrigerator
  • Equipment: Dishwasher, Garbage Disposal, In Closet, In Kitchen, Microwave, Refrigerator
  • Interior Features: 2 Staircases, Bar, Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), Open Floorplan, Tile Counters, Vacuum Central
  • Room Type: Bonus Room, Entry, Family Room, Living Room, Master Bedroom, Main Floor Bedroom, Walk-In Closet
  • Bathroom Features: Low Flow Toilet(s)
  • Room Kitchen Features: Kitchen Island
  • Laundry: Yes
  • Laundry Features: In Closet, In Kitchen
  • Fireplace Features: Master Bedroom
  • Fireplace Rooms: Master Bedroom
  • Cooling: None
  • Heating Type: Other
  • Heating: See Remarks
  • Heat Equipment: Other/Remarks
  • Flooring: Stone, Wood
  • Virtual Tour URL Unbranded: http://tours.danatphotography.com/ue/jq5P
Exterior Features
  • Construction Materials: Wood Siding
  • Exterior Construction: Wood Siding
  • Exterior: Wood
  • Entry Location: Ground Level With Steps
  • View Description: Ocean, Water, White Water
  • Waterfront Features: Ocean Access
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Walk Score: 76
  • Green Energy Efficient: HVAC
Land/Lot Info
  • Lot Features: Corner Lot, Sprinklers Drip System, Utilities - Overhead
  • Direction Faces: West
  • Number Of Units: 2
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Cable Available, Sewer Available, Water Connected
  • Electric: Meter on Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Covered Parking, Garage, Private
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Covered, Garage, Private
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4500
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4000
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Carpet: 0
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2

Property History for 122 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 122 1st Street

Taxable ValueLand$2,617,005Additions$56,889Total$2,673,894
Tax Record2023$29,027 ($2,419 / month)
Home Facts
Total Finished SqFt2,113 SqFtAbove Grade Finished SqFt2,113 SqFtLot Size3,035 SqFtStyleDuplexYear Built1902ZoningHBR3YYCountyLOS ANGELESAPN4188-014-042

Schools near 122 1st Street

This home is within Hermosa Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Public - 4 to 8
Public - K to 3
Private - 6 to 12
Private - PK to 8
Rating
School
Distance
Hermosa Valley Elementary School
Public4 to 8

Hermosa View Elementary School
PublicK to 3

Fusion Academy Sb: South Bay
Private6 to 12

Our Lady Of Guadalupe Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Residential, Taya DiCarlo, DRE #01751317; Vista Sotheby's International Realty, Alicia Blackburn, DRE #01855156

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.