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307 25th Street, Hermosa Beach, CA 90254$2,125,000

2
beds
2
baths
1320
ft2
· 2304
ft2 lot
$1,610 / ft2

Listing provided courtesy of Nabil Awada, Matthews Real Estate Investmen
Source CRMLS;
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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. Upgraded units like these typically rent for $3,200+. The property boasts 35% 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.

HOA

$—/month

On market

2 months

Year built

1947

Property type

Multi-Family

Parking

2

MLS

21778442

Price / Sq.Ft.

$1,610 / ft2

Status

Active

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Home details for 307 25th Street

Interior Features & Layout
Appliances
•   
Appliances: Dishwasher, Disposal, Refrigerator
•   
Has Appliances
Heating & Cooling
•   
Has Heating
•   
Heating Details: Combination
Flooring
•   
Flooring: Tile, Laminate
Interior Size
•   
Building Area Total: 1320.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 2.00
Property Features
•   
View: Coastline, Bay
Building Info
•   
Zoning: HBR2YY
•   
Roof: Composition
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 2
Lot Info
•   
Lot Size Acres: 0.0500
•   
Lot Size Area: 2304.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Architectural Style: Contemporary
Exterior Features
•   
Direction Faces: South
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 58800.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 26303.00
•   
Gross Multiplier: 36.14
Tax/Assessment Info
•   
Gross Income: 58800.00
•   
Tax Year: 2020
•   
Taxes: 12929.0
Lease Info
•   
Net Operating Income: 32497.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1900.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1900.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 3000.00
•   
Unit 1 Total Rent: 3000.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: East of Myrtle Ave
Other
Calculation
•   
Dom: 7
•   
Cdom: 7

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Redondo Beach
Hermosa Beach
40
Properties for sale
10
Median days on market
$1039.79
Median sold price/sqft
100.99%
Sold/List %
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Property History for 307 25th Street

08/31/2021
08/31/2021
CRMLS #21778442
active
CRMLS #21778442
$2,125,000
+114.65%
03/09/2009
03/09/2009
Public Record
sold
Public Record
$990,000

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