60 15th Street

Hermosa Beach, CA 90254

$7,855,000

Closed

  • 7,903Sq. Ft.
  • 8,572Lot Size (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 Details

  • Type: Residential Income
  • Year Built: 1959
  • Days on Market: 149
  • Combined DOM* : 149
  • Close Date: July 24th, 2019
  • Status: Closed
  • Closed Price: $7,855,000
  • PPSF: $994
  • Orig. list price: $9,250,000
  • Date Listed: August 27th, 2018
  • MLS® #: PW18208847
  • APN: 4183004010
  • Special:

Additional Info

  • Parking Spaces: 16

Community Information

  • Area: Hermosa Beach Sand (148)
  • City/State: Hermosa Beach, CA
  • Zip Code: 90254
  • County: Los Angeles

Exterior

  • Lot Description: Lot Shape-Rectangular
  • Lot Size (sq. ft.): 8,572
  • Lot Size (acres): 0.20
  • Has Pool: Yes

Interior

  • Square Footage: 7,903

* 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 60 15th Street, Hermosa Beach, CA (MLS® #PW18208847)

Date Details Price Change
Closed $7,855,000
Pending (from Active)
Price Reduced (from $9,000,000) $8,000,000 $1,000,000 (11.11%)
Price Reduced $9,000,000 $250,000 (2.70%)
Property Listed $9,250,000
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Based on information from California Regional Multiple Listing Service, Inc. as of August 25th, 2019 at 5:08am 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.