337 Hopkins Avenue, Hermosa Beach, CA 90254

$3,000,000
List Price
$3,000,000
Status
ACTIVE
MLS#
SB21158967
Year Built
1933
Lot Size
8,911
Acres
0.2
Lot Location
Sloped Down, Sprinklers In Rear, Sprinklers In Front, NearPark, Near Public Transit, SprinklersTimer, SprinklersOnSide
Days on Market
14
Property Type
Single Family Residential
Style
Mediterranean
Property Sub Type
Duplex
Stories
Two Levels

Property Description

To state that this is a very special property and a very special opportunity does not really do justice to this trophy offering. Selling together with 409-411 Hopkins these constitute a nearly 18,000 square foot combined parcel with panoramic unobstructed ocean views. Two large usable homes on this lot as well in excellent condition renting for $5450 front house and $5,750 rear house. Front house just leased for a year, back house rent is low. BIG views from each. 337 started as a vintage duplex built in 1933, which the owners combined into a single family home in the 1980s when they built 339. Each has 3 bedrooms with gracious living space and really astonishing panoramic interior views. 337 has a two car garage PLUS what used to be the old "two" car garage behind the current garage, which is now an enormous shop, storage, bonus room. 339 is newer and has a wonderful floor plan with the master bedroom suite on the upper, view level, and a really large great room with killer views. This unit could be easily updated and would make a spectacular home and income opportunity. 339 has a huge 4 car garage. Develop the large combined parcel with two big houses on each, with larger lots than most of the neighboring SFRs and substantially better views. There is nothing like this property in Hermosa as it exists AND definitely nothing like it as a development. It would clearly establish record prices on sale out. Drive by (or check out the drone video) and you will understand exactly what I mean. We just fell out of escrow, so the opportunity is back again but won't last long!!

Additional Information

Pool Description
None
Fireplace Description
Gas Starter, Living Room
Heat
Forced Air, Gravity
Cooling Description
None
View
Catalina, Neighborhood, Ocean, Panoramic
Exterior Construction
Stucco
Roof
Composition
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Number Of Units Total
2
Gross Scheduled Income
$150,000
Operating Expense
46141

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Greg Geilman from Corcoran Global Living

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.