223 24th Street

223 24th Street

223 24th St
Hermosa Beach, CA 90254

$3,925,000
Last Sold Price
7
Beds
5
Baths
4,072 Sq. Ft.
$964 / Sq. Ft.
4,072
Sq. Ft.
$964
per Sq. Ft.

Closed 11/23/19

Closed 11/23/19

Description

Rarely does an opportunity come along in the Hermosa Beach real estate market to own a prime piece of ocean view property on an over-sized ocean view lot. Currently a five-unit, 4072 square foot structure on a 4929 sq.ft. lot, this building encompasses four one-bedroom, one-bath residences and one three-bedroom, one-bath unit. The three-bedroom units occupies the entire third floor and offers light-filled rooms, a large living room and an enclosed deck with panoramic ocean-views and the charm of...Rarely does an opportunity come along in the Hermosa Beach real estate market to own a prime piece of ocean view property on an over-sized ocean view lot. Currently a five-unit, 4072 square foot structure on a 4929 sq.ft. lot, this building encompasses four one-bedroom, one-bath residences and one three-bedroom, one-bath unit. The three-bedroom units occupies the entire third floor and offers light-filled rooms, a large living room and an enclosed deck with panoramic ocean-views and the charm of original detailing. The four one-bedroom units offer generous bedrooms and sun-drenched living spaces. Both downtown Hermosa Beach and the shops and restaurants of Manhattan Beach are equidistant from this site, presenting an unbeatable location for partaking of all the South Bay Beach has to offer. With the picturesque Strand, white sand beaches , volleyball courts and even swings just outside your front door, this chance to own a multi-unit property is beyond compare.
  1. Listed by David Caskey • DRE #01198999 • Brokerage DRE #01968431 • Strand Hill Christies International Real Estate

Property Details for 223 24th Street

View
Ocean
Parking Spaces Total
5
Private Pool
No
Cooling Type
N/K
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4072

Location

Listing Courtesy of Strand Hill Christies International Real Estate, David Caskey, DRE #01198999

Sold By Strand Hill Christies International Real Estate, Rachel Joseph, DRE #01929140; Strand Hill Christies International Real Estate, William Joseph, DRE #01934991

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LISTING UPDATED: 11/08/2019 09:16 PM

Property Details for 223 24th Street

StatusClosed
MLS #SB19132395
Days on Market114
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
CountyLos Angeles County

Building

223 24th St

3 StoriesBuilt in 1921

Location

Listing Courtesy of Strand Hill Christies International Real Estate, David Caskey, DRE #01198999

Sold By Strand Hill Christies International Real Estate, Rachel Joseph, DRE #01929140; Strand Hill Christies International Real Estate, William Joseph, DRE #01934991

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Building Information for 223 24th Street

Building/Complex223 24th StFloor-Stories3Residences-Pet Policy-Year Built1921Building Size-

Payment Calculator

$25,206 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,420

Property Taxes

$3,786

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 223 24th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $106,200
  • Gross Scheduled Income: $106,200
  • Net Operating Income: $74,484
  • Financing: Cash
Expense Details
  • Operating Expense: $31,716
  • New Taxes Expense: $0
  • Fuel Expense: $77
  • Electric Expense: $57
  • Insurance Expense: $2,070
  • Professional Management Expense: $0
  • Trash Expense: $1,456
  • Water Sewer Expense: $1,617
  • Total Expenses: $31,716
Tax / Assessment Info
  • Tax Tract Number: 1031
  • Tax Census Tract: 6210.04
  • Tax Lot: 25
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Equipment: N/K
  • Room Type: Kitchen, Living Room
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Laundry: No
  • Laundry Features: None
  • Laundry Location: N/K
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
  • Flooring: Carpet
Exterior Features
  • Structure Type: Quadruplex
  • Miscellaneous: Suburban
  • View Description: Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Lease Considered: No
  • Number Of Units: 5
  • 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: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Attached Garage: Yes
Property / Structure Info
  • Residential Styles: All Other Attached
  • 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: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 0

Property History for 223 24th 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 223 24th Street

Taxable ValueLand$4,073,315Additions$52,758Total$4,126,073
Tax Record2023$45,437 ($3,786 / month)
Home Facts
Total Finished SqFt4,072 SqFtAbove Grade Finished SqFt4,072 SqFtLot Size4,930 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningHBR2*CountyLOS ANGELESAPN4182-013-029

Schools near 223 24th Street

This home is within Hermosa Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Hermosa Valley Elementary School
Public - 4 to 8
Hermosa View Elementary School
Public - K to 3
Hope Chapel Academy
Private - K to 12
Fusion Academy Sb: South Bay
Private - 6 to 12
Rating
School
Distance
Hermosa Valley Elementary School
Public4 to 8

Hermosa View Elementary School
PublicK to 3

Hope Chapel Academy
PrivateK to 12

Fusion Academy Sb: South Bay
Private6 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 Strand Hill Christies International Real Estate, David Caskey, DRE #01198999

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.