Skip To Content

    409 Hopkins Avenue

    Hermosa Beach, CA 90254
    • $3,000,000
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: SB21092050
    UPDATED: 15 min ago
    $3,000,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    School Ratings & Info

    Description

    This is a unique opportunity to own two beautiful homes on one massive ocean view lot in an excellent location in the South Hermosa Beach hills. The lot measures nearly 9,000 SF (45 x 210) and the homes are roughly 1750 Square feet each, each with private laundry and separate 2-car garage. The original builder of these homes has meticulously maintained them over the years, and so, these make excellent long term rentals. There are gorgeous stone counters in the kitchen and newer hardwood flooring. These are also perfect for an expanded family compound, AND this represents an incredible potential development opportunity now or in the future, for townhomes or a Planned unit Development for Ocean view homes. The views are stunning and superlative, and cannot be blocked by anything to the west. Each home has 3 Bedrooms and 2 baths, with plenty of outdoor living space. The rear house has a really massive two tiered yard. Given the lot size an ADU is even a possibility behind the rear house. So many possibilities for this truly amazing Property. Check out the drone video!! Must be closed contemporaneously with 337-339 Hopkins. The two parcels together total nearly 18,000 square feet! There is nothing that compares to this trophy opportunity when combined with the adjacent parcel. The video clearly demonstrates this.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-02T10:27:48.573. 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 The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/116850423
    Print Image

    409 Hopkins Avenue Hermosa Beach, CA 90254

    • Price: $3,000,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: SB21092050
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1974
    Built
    Neighborhood:
    150 - Hermosa Bch East
    County:
    Los Angeles
    Area:
    150 - Hermosa Bch East
    Property Description
    This is a unique opportunity to own two beautiful homes on one massive ocean view lot in an excellent location in the South Hermosa Beach hills. The lot measures nearly 9,000 SF (45 x 210) and the homes are roughly 1750 Square feet each, each with private laundry and separate 2-car garage. The original builder of these homes has meticulously maintained them over the years, and so, these make excellent long term rentals. There are gorgeous stone counters in the kitchen and newer hardwood flooring. These are also perfect for an expanded family compound, AND this represents an incredible potential development opportunity now or in the future, for townhomes or a Planned unit Development for Ocean view homes. The views are stunning and superlative, and cannot be blocked by anything to the west. Each home has 3 Bedrooms and 2 baths, with plenty of outdoor living space. The rear house has a really massive two tiered yard. Given the lot size an ADU is even a possibility behind the rear house. So many possibilities for this truly amazing Property. Check out the drone video!! Must be closed contemporaneously with 337-339 Hopkins. The two parcels together total nearly 18,000 square feet! There is nothing that compares to this trophy opportunity when combined with the adjacent parcel. The video clearly demonstrates this.
    Exterior Features

    Construction Materials Stucco Foundation Details Slab Lot Features Front YardGentle SlopingLawnLandscapedNear ParkNear Public TransitRectangular LotSprinklers TimerSprinkler System Number Of Separate Electric Meters 2 Parking Features Assigned Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Roof Rolled/Hot MopTile

    Interior Features

    Appliances Built-In RangeDishwasherGas OvenGas Water HeaterRefrigerator Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Gas StarterLiving RoomWood Burning Fireplace YN Yes Flooring Wood Heating Central Heating YN Yes Interior Features Beamed CeilingsBalconyStone CountersEntrance FoyerMain Level MasterWalk-In Closet(S)

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.18 Common Interest None Community Features SidewalksPark Disclosures Principal is Real Estate Licensed Garage YN Yes Gross Income 12000 Gross Scheduled Income 144000 Insurance Expense 1500 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInsideSee Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 7200 Net Operating Income 95279 New Construction YN No New Taxes Expense 33000 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 45841 Property Condition Turnkey Property Sub Type Duplex Rent Control YN No Security Features Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasSee Remarks Total Actual Rent 10300 Trash Expense 409 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 2880 Vacancy Allowance Rate 2 Water Sewer Expense 1332 Water Source Public Zoning Hbr2yy

    Listing provided courtesy of Greg Geilman of Corcoran Global Living and Robert Freedman of Corcoran Global Living


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-02T10:27:48.573. 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 The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365440385-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365440385-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365440385-1.jpg
    Logo
    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101