60 15th Street

Hermosa Beach, CA 90254

$8,000,000

Status: Active

  • 16Units
  • 7,903SQ. Feet
  • 8,572Lot Sq. Ft.

This property boasts an outstanding trophy location just 100 yards from the beach, steps from Noble Park, and two blocks from Pier Avenue and its popular restaurants and bars. Additionally, Hermosa Beach House is located adjacent to the 30-room H20 Hotel development, and the median household income within one-mile exceeds $110,000. Hermosa Beach House consists of one two-story building that contains one two-bedroom and 15 one-bedroom units that are mastermetered for all utilities. The building also features a pool, garage parking, and on-site laundry. With substantial potential upside in rents and an excellent location in an affluent coastal city, Hermosa Beach House presents an outstanding value-add opportunity. Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.

Key Info

  • TypeResidential Income
  • StatusActive
  • Year Built1959
  • Days on Market205
  • Price$8,000,000
  • Price/Sqft$1,012
  • Date ListedAugust 27th, 2018
  • MLS® #PW18208847

Interior

  • Square Footage7,903
  • Units16
  • Bathrooms0.00
  • Parking Spaces16

Listing Details

  • Listing AgentSteven Bogoyevac(01332755)
  • Listing OfficeSteven M. Bogoyevac, Broker

Community Information

  • AreaHermosa Beach Sand (148)
  • CityHermosa Beach, CA
  • Zip Code90254
  • CountyLos Angeles

Exterior

  • Lot Sq. Ft.8,572
  • Has PoolYes

Price Change History for 60 15th Street, Hermosa Beach, CA (MLS® #PW18208847)

Date Details Change
Price Reduced from $9,000,000 to $8,000,000 $1,000,000 (11.11%)
Price Reduced from $9,250,000 to $9,000,000 $250,000 (2.70%)
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Based on information from California Regional Multiple Listing Service, Inc. as of June 18th, 2019 at 8:42pm PDT. 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.