1022 17th Street

Hermosa Beach, CA 90254

$1,725,000

Closed

  • 3Beds
  • 2Baths
  • 1,534Sq. Ft.
  • 5,607Lot Size (Sq.Ft.)

This is one of those rare properties that has been coveted over the years by developers and buyers that want to develop for themselves. It hasn’t ever been available for sale until now! Why has it been covered? Firstly it's perched high in the Hermosa Hills and promises commanding views from each of the two townhomes that could be developed, with monstrous panoramic ocean views from the roof decks. The lot is 40 x 140, and because the whole area falls off to the south west and the lot is down-sloping, a new back unit should have excellent vistas to the ocean in the southwest, AND from the front unit one should be able to see over the top of it, and everything else in that direction. 17th Street is a highly sought after street with many newer homes and townhomes. A buyer will, of course, need to verify exactly what can be built and how good the views could actually be. We have drone shots from various heights depicting how good the views could potentially be. There are currently two small homes on the sight. One has a long term tenant paying very low rent; 2 bedrooms, 1 bathroom. The other unit has been used as storage and “needs everything” done to it; 1 bedroom, 1 bathroom. To be clear, this is a land value proposition. That being said, for the right buyer there may also be a usable income property here.

Key Details

  • Type: Residential, Duplex
  • Year Built: 1956
  • Days on Market: 18
  • Combined DOM* : 18
  • Close Date: December 18th, 2020
  • Status: Closed
  • Closed Price: $1,725,000
  • PPSF: $1,125
  • Orig. list price: $1,699,000
  • Date Listed: July 10th, 2020
  • MLS® #: SB20133833
  • APN: 4185004003
  • Special:

Additional Info

  • Stories: One
  • Parking Spaces: 2
  • Garage Spaces: 2

Co-Agent

  • Agent: Ryan Bunke
  • Office: RE/MAX Estate Properties

Community Information

  • Area: 150 - Hermosa Bch East
  • City/State: Hermosa Beach, CA
  • Zip Code: 90254
  • County: Los Angeles

School Information

  • District: Hermosa

Exterior

  • Lot Description: Back Yard, Near Park
  • Lot Size (sq. ft.): 5,607
  • Lot Size (acres): 0.13
  • Pool: None

Amenities

  • View: Catalina, Mountain(s), Ocean, Panoramic, Water

Interior

  • Interior Features: All Bedrooms Down
  • Square Footage: 1,534
  • Bedrooms: 3
  • Bathrooms: 2.00
  • Full Baths: 2
  • Cooling: See Remarks
  • Fireplace: Yes
  • Fireplaces: See Remarks

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” it, or sellers may change agents when a property has failed to sell.

Price History for 1022 17th Street, Hermosa Beach, CA (MLS® #SB20133833)

Date Details Price Change
Closed $1,725,000
Pending
Active Under Contract (from Active)
Property Listed $1,699,000

Recent Sales Similar to 1022 17th Street


View all similar properties
Please provide a valid email address.

Based on information from California Regional Multiple Listing Service, Inc. as of June 18th, 2021 at 6:39pm 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.