1257 Bonnie Brae Street

Hermosa Beach, CA 90254

$1,995,000
Price
2
Beds
3
Baths
2,691 Sq. Ft.
$741 / Sq. Ft.
2,691
Sq. Ft.
$741
per Sq. Ft.

Description

This ocean view duplex presents a rare opportunity for owner occupants to live in the larger unit while collecting income from renting the second unit. For investors, this easy-to-manage duplex offers steady passive income and the historically proven long-term appreciation potential of coastal Southern California property. Located on the bluff above Hermosa Beach, this property features peekaboo ocean views from the owner’s unit living room and full coastline, blue water, and city lights views from...This ocean view duplex presents a rare opportunity for owner occupants to live in the larger unit while collecting income from renting the second unit. For investors, this easy-to-manage duplex offers steady passive income and the historically proven long-term appreciation potential of coastal Southern California property. Located on the bluff above Hermosa Beach, this property features peekaboo ocean views from the owner’s unit living room and full coastline, blue water, and city lights views from the roof deck. Despite its bluff location, the property is still just a short walk from the beach and the dining and entertainment on Pier Avenue. The kitchen and great room of the owner’s unit have been remodeled including a gourmet chef’s kitchen with premium appliances and a large island with a wine fridge and warming drawer. The open concept greatroom layout is perfect for entertaining and there is plenty of space for guests to spread out between two outdoor balcony decks plus the large roof deck. The rooftop hot tub is especially epic, offering superb ocean views. This unit also features a large primary bedroom with walk-in closet, ensuite bathroom, and direct backyard access via a sliding door. A separate indoor laundry room and a two car garage (plus driveway guest space) round out a unique feature set that makes this property especially well-suited to high-end corporate rental tenants or owner occupants. The second unit has a great floorplan including a kitchen, dining room, a living room with fireplace, and a large bedroom with spacious closets. This unit has a separate entrance on the opposite side of the property from the owner’s unit, plus a private outdoor deck and private laundry located in the garage. Unit dimensions are estimated to be approximately 1946sf in the owner’s unit and 745sf in the second unit. There are a total of 4 off-street parking spaces: two in the garage, one in the driveway next to the garage (currently assigned to the tenant in unit two), and a 4th guest space in the driveway in front of the garage. One water meter, two gas meters, and two electric meters.
  1. Listed by Markus Brown • DRE #01441782 • Brokerage DRE #01008773 • First Team Real Estate • 714-299-3400

Property Details for 1257 Bonnie Brae Street

View
Coastline, Ocean
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2691

Location

Listing Courtesy of First Team Real Estate, Markus Brown, DRE #01441782
Add your commute
LISTING UPDATED: 05/30/2024 08:01 AM

Property Details for 1257 Bonnie Brae Street

StatusPending
MLS #PW24095168
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1952
Lot Size0.09 AC / 3,796 SF
CountyLos Angeles County

Location

Listing Courtesy of First Team Real Estate, Markus Brown, DRE #01441782
Add your commute

Building Information for 1257 Bonnie Brae Street

Stories3Residences-Year Built1952Building Size-Lot Size0.09 AC / 3,796 SF

Payment Calculator

$11,355 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,888

Property Taxes

$467

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1257 Bonnie Brae Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $114,000
  • Gross Spendable Income: $114,000
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $114,000
  • Net Operating Income: $79,800
  • Number Of Rented Garages: 0
  • Garage Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $34,200
  • Operating Expense Percent: 30.00%
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Area: 4340
  • Tax Block: 2
  • Tax Tract Number: 621...
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 9
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Room Type: Main Floor Bedroom, Main Floor Primary Bedroom
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Inside
  • Laundry Location: Inside
  • Fireplace Features: Family Room, Living Room
  • Fireplace Rooms: Family Room, Living Room
  • Fireplace: FP in Family Room, FP in Living Room
  • Cooling: None
  • Heating Type: Central
  • Heating: Central
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: ground
  • Structure Type: Duplex
  • Other Structures: Guest House Attached, Two On A Lot
  • View Description: Coastline, Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: Private, Roof Top
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Attached Garage: Yes
Property / Structure Info
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Carpet: 0
  • Number With Disposal: 1
  • Number With Drapes: 0
  • Number With Patio: 2
  • Number Wall AC: 0

Property History for 1257 Bonnie Brae 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 1257 Bonnie Brae Street

Taxable ValueLand$351,946Additions$133,989Total$485,935
Tax Record2023$5,600 ($467 / month)
Home Facts
Total Finished SqFt1,272 SqFtAbove Grade Finished SqFt1,272 SqFtLot Size3,800 SqFtStyleDuplexYear Built1952ZoningHBR1YYCountyLOS ANGELESAPN4185-014-039

Schools near 1257 Bonnie Brae Street

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

Hermosa Valley Elementary School
Public4 to 8

Our Lady Of Guadalupe Elementary School
PrivatePK to 8

Hope Chapel Academy
PrivateK to 12

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.

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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.

Listing Courtesy of First Team Real Estate, Markus Brown, DRE #01441782

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.