718 Hermosa Avenue

718 Hermosa Avenue

Hermosa Beach, CA 90254

$2,350,000
Last Sold Price
3
Beds
3
Baths
1,973 Sq. Ft.
$1,191 / Sq. Ft.
1,973
Sq. Ft.
$1,191
per Sq. Ft.

Closed 5/9/22

Closed 5/9/22

a front view of a house with a yard and potted plants
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an empty room with wooden floor and windows
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a kitchen with a sink cabinets stainless steel appliances and cabinets
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Description

Your Flex-Use Vintage California Beach Cottage awaits! Freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping, an inviting, beachy character shines through. Classic charm like this simply can’t be replicated in newer buildings, and there’s a further value-add opportunity by upgrading the kitchens and bathrooms. As a duplex, this property provides many flexible and versatile use options. 1) Hold it as a legacy investment property to build generational wealth as the...Your Flex-Use Vintage California Beach Cottage awaits! Freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping, an inviting, beachy character shines through. Classic charm like this simply can’t be replicated in newer buildings, and there’s a further value-add opportunity by upgrading the kitchens and bathrooms. As a duplex, this property provides many flexible and versatile use options. 1) Hold it as a legacy investment property to build generational wealth as the current owners have. 2) Live in one of the units and rent out the other for income - the rent will offset about $900k of your mortgage, making it a compelling effective net purchase of $1.6m. 3) Use it as a fun vacation home or vacation rental where the side-by-side units provide co-living for extended family/kids in their own private spaces. 4) Set your children up to live in a family-owned property while they attend college or start their professional life, then retain for investment or build your dream home. 5) Develop a beautiful new 4,400+ sf 3 story home with rental unit that would be worth approx. $5.7m in today’s market. Positioned on a coveted west-facing 40’ extra-wide lot, each unit has some outdoor space to enjoy the glorious weather and sunshine. It’s all about life by the beach here. This is a fun and active, car-optional location, ideal for beachgoers who love being in the mix and close to Pier Plaza’s restaurants and shops, The Strand, and summer beach concerts. Hermosa’s pristine wide sandy beach is just 8 doors away and is the favored training ground of pro beach volleyball players.
  1. Listed by Karynne Thim • DRE #01161295 • Brokerage DRE #02142076 • Pacifica Properties Group, Inc.

Property Details for 718 Hermosa Avenue

Architectural Style
Bungalow, Cottage
View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Pacifica Properties Group, Inc., Karynne Thim, DRE #01161295

Sold By Pacifica Properties Group, Inc., Karynne Thim, DRE #01161295

Add your commute
LISTING UPDATED: 05/09/2022 03:24 AM

Property Details for 718 Hermosa Avenue

StatusClosed
MLS #SB21170201
Days on Market170
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1912
Lot Size0.07 AC / 2,996 SF
CountyLos Angeles County

Location

Listing Courtesy of Pacifica Properties Group, Inc., Karynne Thim, DRE #01161295

Sold By Pacifica Properties Group, Inc., Karynne Thim, DRE #01161295

Add your commute

Building Information for 718 Hermosa Avenue

Stories1Residences-Year Built1912Building Size-Lot Size0.07 AC / 2,996 SF

Payment Calculator

$14,993 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$2,168

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 718 Hermosa Avenue

Income / Expense / Tax Details
Income Details
  • Financing: Cash to New Loan
Tax / Assessment Info
  • Tax Block: 37
  • Tax Tract Number: 0
  • Tax Census Tract: 6211.04
  • Tax Lot: 9
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Refrigerator
  • Equipment: Refrigerator, Gas Range
  • Interior Features: Ceiling Fan(s)
  • Room Type: Kitchen, Living Room
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Laundry: Yes
  • Laundry Features: Inside
  • Laundry Location: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
  • Virtual Tour URL Branded: http://718hermosaave.com/
  • Virtual Tour URL Unbranded: http://mls.718hermosaave.com/
Exterior Features
  • Roof: Shingle
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Structure Type: Duplex
  • Miscellaneous: Value in Land, Urban
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Green Info
  • Walk Score: 91
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Level with Street, Rectangular Lot, Near Public Transit, Value In Land
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Architectural Style: Cottage, Craftsman/Bungalow
  • Residential Styles: Townhome
  • Residential Unit Location: 1 common wall

Property History for 718 Hermosa Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 718 Hermosa Avenue

Taxable ValueLand$2,346,000Additions$51,000Total$2,397,000
Tax Record2023$26,021 ($2,168 / month)
Home Facts
Total Finished SqFt1,973 SqFtAbove Grade Finished SqFt1,973 SqFtLot Size2,996 SqFtStyleDuplexYear Built1912ZoningHBR3YYCountyLOS ANGELESAPN4187-021-040

Schools near 718 Hermosa Avenue

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
Fusion Academy Sb: South Bay
Private - 6 to 12
Our Lady Of Guadalupe Elementary School
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.

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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 Pacifica Properties Group, Inc., Karynne Thim, DRE #01161295

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.