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Key Details
Sold Price $1,925,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,319 sqft
Price per Sqft $1,459
MLS Listing ID SB24001294
Sold Date 05/31/24
Style Detached
Bedrooms 1
Full Baths 2
HOA Y/N No
Year Built 1949
Lot Size 4,359 Sqft
Acres 0.1001
Lot Dimensions 38' x 116'
Property Description
Tremendous opportunity for developers and owner/users alike. Project is shovel ready, and includes fully-approved, ready-to-issue permits. Purchase includes architectural plans for two stunning, detached coastal-modern townhomes conceptualized by Wolf Brothers Development and designed by Mark Trotter of Trotter Building Designs. Concave, R2 lot offers the potential for spectacular, panoramic ocean views from both units. Projected building costs and recent sales comps make this an excellent ROI opportunity. // Plans show 6,336 total square feet split between two luxurious freestanding, multi-level homes each with an elevator. UNIT A: 3 beds, 4 baths, 2,671sf of living space, with 706sf of decks including a huge rooftop deck. UNIT B: 4 beds, 5 baths, den, bonus room, 3,665sf of living space, with 528sf of decks. Both units offer MASSIVE ocean views stretching from Palos Verdes to Malibu. // Run the numbers, youll like what you see: comps easily support $950-$1,000/sf. Location is excellent: steps to award-winning schools, world-famous beaches, fine dining, and lively nightlife. Buy today and bypass the 1-2 years waiting for permits with the city building department. All due diligence is completed, you can start building these beautiful homes immediately. // View the YouTube link for an immersive video flythrough of the finished property. Please contact listing agent for floor plans and further details.
Tremendous opportunity for developers and owner/users alike. Project is shovel ready, and includes fully-approved, ready-to-issue permits. Purchase includes architectural plans for two stunning, detached coastal-modern townhomes conceptualized by Wolf Brothers Development and designed by Mark Trotter of Trotter Building Designs. Concave, R2 lot offers the potential for spectacular, panoramic ocean views from both units. Projected building costs and recent sales comps make this an excellent ROI opportunity. // Plans show 6,336 total square feet split between two luxurious freestanding, multi-level homes each with an elevator. UNIT A: 3 beds, 4 baths, 2,671sf of living space, with 706sf of decks including a huge rooftop deck. UNIT B: 4 beds, 5 baths, den, bonus room, 3,665sf of living space, with 528sf of decks. Both units offer MASSIVE ocean views stretching from Palos Verdes to Malibu. // Run the numbers, youll like what you see: comps easily support $950-$1,000/sf. Location is excellent: steps to award-winning schools, world-famous beaches, fine dining, and lively nightlife. Buy today and bypass the 1-2 years waiting for permits with the city building department. All due diligence is completed, you can start building these beautiful homes immediately. // View the YouTube link for an immersive video flythrough of the finished property. Please contact listing agent for floor plans and further details.
Location
State CA
County Los Angeles
Area Hermosa Beach (90254)
Zoning HBR2YY
Interior
Cooling N/K, Other/Remarks
Fireplaces Type Other/Remarks
Laundry N/K, Other/Remarks
Exterior
Garage Spaces 2.0
View Ocean
Total Parking Spaces 2
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Acceptable Financing Cash, Cash To New Loan
Listing Terms Cash, Cash To New Loan
Special Listing Condition Standard
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Bought with Steven Mullins • Vista Sotheby’s International Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "