Listed By:
Molly Hobin Williams with Bayside; 310-925-2529
Address
445 Longfellow Avenue, Hermosa Beach, CA
Price
$ 2,799,000
Property Attributes
  • MLS#SB23212569
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityHermosa Beach
  • AreaHermosa Bch Sand
  • Zip90254
  • StyleDuplex
  • Price$ 2,799,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2185
  • Lot Size2,474 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Seize the chance to own this Duplex with great income potential! This property is updated with hardwood flooring throughout and recently remodeled kitchens. This is an exceptional investment opportunity in North Hermosa Beach. Located just 4 blocks from the beach, 1 block to Robinson Elementary and a few blocks to Valley Park, this Duplex is in a prime location. This property has 2 units that are currently leased, both with below market rent. The back unit is a two-story, 3 bed/2 bath with 2 fireplaces and includes a 2-car garage with convenient back-alley access. This unit is being leased for $5,000/month and has a lease through April 30, 2024. The front unit is an adorable 1 bed/1 bath, leased for $1,900/month and is on a month-to-month lease. Don't miss out on this fantastic opportunity to invest in a prime Hermosa Beach sand section location with great income potential and secure your future financial success.

Price History
11/17/2023 Listed $2,799,000

General Features

Sewer PublicSewer
Heating Central
Cooling None
Zoning HBR2YY
HOA 0.0
Garage Spaces 2.0
Pool Features None
Year Built 1939
Tenant Pays AllUtilities
Stories 1
Levels One,Two
Property SubType Duplex
Gross Income 82800.0
Community Features Biking,Curbs,Urban,WaterSports
County Los Angeles
Net Operating Income 77196.0
Operating Expense 5604.0
Insurance Expense 2760.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Special Listing Conditions Standard
Status Active
Directions 4th block of Longfellow
City Hermosa Beach
Entry Location 1
View Y/N No
Senior Community Y/N No
Total Units 2
MLS Area 148 - Hermosa Bch Sand
Lot Size Square Feet 2475.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 2
Street Name Longfellow
Listing Terms Cash,CashtoNewLoan,Item1031Exchange
Spa Features None
Property Attached Y/N No
Land Lease Y/N No
Electric Expense 0.0
Home Warranty Y/N No
Fuel Expense 0.0
Trash Expense 780.0
Water Sewer Expense 864.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://www.zillow.com/view-imx/b06d7ac4-b786-4935-afd5-b87abf125a77?initialViewType=pano&wl=true&setAttribution=mls
Days on Market 116
Building Area Units SquareFeet
Standard Status Active
Year Built Source Estimated
Tax Lot 21
Virtual Tour https://www.zillow.com/view-imx/b06d7ac4-b786-4935-afd5-b87abf125a77?initialViewType=pano&wl=true&setAttribution=mls
Total Actual Rent 6900.0
Property Sub Type Additional Duplex
MobileHomeRemainsYN No

Interior Features

Fireplace Features LivingRoom,PrimaryBedroom
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N Yes
Street Suffix Avenue
Laundry Features SeeRemarks
Entry Level 1
Electric On Property Y/N No

Exterior Features

Parking Features Garage
Lot Features Item25UnitsAcre
Water Source Public
Total Parking 2.0
Lot Size Area 2475.0
Number of Buildings 2
Spa No
Building Area Total 2185.0
Lot Size Acres 0.0568
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90254

Price
AVG $3.93M
$2.8M
Visits
AVG 81
172
Data Provided by Inside Real Estate®
Year Built
AVG 1939
1939