307 25Th Street $1,875,000

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    307 25Th Street Hermosa Beach, CA 90254

    Closed
    SOLD 1/21/2022

    $1,875,000

    • 0 Beds
    • 0 Baths
    • 1,320 sq. ft.
    • Multi-Family
    • MLS# 21778442
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    Property Details

    This duplex is an opportunity to acquire prime real estate in the North Hermosa Sand Section. This part of Hermosa Beach has been experiencing tremendous development which includes the recently completed, Hermosa Vista Elementary School next door. The property consists of a mix of (2) one-bed/one-bath units. A new investor can capitalize on the tight rental market and high rents in this neighborhood by implementing a strategic unit interior and exterior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. The property boasts 47% rental upside potential. Tenants appreciate the convenient location just blocks from the world-famous beaches. Ideally located in a mostly residential corridor, the property is also a short walk to Downtown Hermosa Beach for dining, entertainment, and retail. There will be no showings or open houses. Please submit offers subject to interior inspection. We politely request that you do not disturb the tenants nor walk around the property.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 3.000 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Units Total 2
      • YearBuilt 1947
    • Building Features
      • Appliances Dishwasher,Disposal,Refrigerator
      • Architectural Style Contemporary
      • Flooring Tile,Laminate
      • Heating Combination
      • Roof Composition
    • Property Features
      • Lot Size Acres 0.05
      • View Error: ClassID in tblMLSFieldPropertyType is null.
      • Parking Total 2.00

    Neighborhood

    90254 (Hermosa Beach) Demographics

    40 Median Age
    9,471 Population Density (per sq. mile)
    81% College Educated
    $142,500 Estimated Median Income
    4,309 Estimated Total Home Owners
    4,287 Estimated Total Renters
    50% / 50% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    19,147 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $928,000 Median Sales Price
    6 Homes Sold
    16 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        1/21/2022 12:00:00 AM Sold Source: Multiple Listing Service New Value: $1,875,000
        Based on information from California Regional Multiple Listing Service, Inc. as of 2/1/2023 5:31:37 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.