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    1022 17th Street

    Hermosa Beach, CA 90254
    • $1,699,000
    • STATUS: Active Under Contract
    • ON SITE: 65 days
    • ID#: SB20135816
    Under Contract
    UPDATED: 32 min ago
    $1,699,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,534
      SQFT
    • $1,108
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    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+GGt 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. The other unit has been used as storage and +G+needs everything+G- done to it. 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-24T08:26:18.937. 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 deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

    www.amayarealestategroup.com/homes/108039720
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    1022 17th Street Hermosa Beach, CA 90254

    • Price: $1,699,000
    • Status: Active Under Contract
    • Updated: 32 min ago
    • ID#: SB20135816
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,534
    SQFT
    $1,108
    $/SQFT
    1956
    Built
    Neighborhood:
    150 - Hermosa Bch East
    County:
    Los Angeles
    Area:
    150 - Hermosa Bch East
    Property Description
    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+GGt 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. The other unit has been used as storage and +G+needs everything+G- done to it. 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.
    Exterior Features

    Garage Spaces 2.00 Lot Features Back YardPark Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No View CatalinaMountain(S)OceanPanoramicWater View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling See Remarks Cooling YN Yes Fireplace Features See Remarks Fireplace YN Yes Laundry Features See Remarks Levels One Room Type All Bedrooms DownSee Remarks

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Curbs Country Us Elevation Units Feet Gross Income 10800.00 Gross Scheduled Income 10800.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 10700.00 New Construction YN No New Taxes Expense 18700.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 0 Number With Range 1 Operating Expense 21500.00 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Total Actual Rent 900.00 Total Expenses 21500.00 Trash Expense 600.00 Water Sewer Expense 1000.00 Water Source Public Year Built Source Public Records Zoning Hbr2yy

    Listing provided courtesy of Greg Geilman of Re/Max Estate Properties and Ryan Bunke of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-24T08:26:18.937. 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 deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

     
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    A|G Amaya Group Real Estate
    27150 Eucalyptus Ave., Suite A
    Moreno Valley CA, 92555