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    1022 17th Street

    Hermosa Beach, CA 90254
    • $1,699,000
    • STATUS: CONTINGENT
    • ON SITE: 21 days
    • ID#: 302600025
    Under Contract
    UPDATED: 163 min ago
    $1,699,000
    • 3
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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 hasnt 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 ne 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 hasnt 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 needs everything 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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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/108080044
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    1022 17th Street Hermosa Beach, CA 90254

    • Price: $1,699,000
    • Status: CONTINGENT
    • Updated: 163 min ago
    • ID#: 302600025
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1956
    Built
    Neighborhood:
    Hermosa Beach (90254)
    County:
    Los Angeles
    Area:
    Hermosa Beach (90254)
    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 hasnt 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 ne 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 hasnt 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 needs everything 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

    Pool N/K Site Curbs View Mountains/HillsOceanPanoramic

    Interior Features

    Cooling Other/Remarks Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Units With Range Oven 1

    Property Features

    Annual Expense Actual 21500 Buildings 2 Gross Scheduled Income Actual 10800 Home Owners Fees 0.0 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 900.0 Unit2 Rent Actual 0.0 Water Meter On Property Zoning Hbr2yy

    Listing provided courtesy of Re/Max Estate Properties. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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