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60 15th Street

Hermosa Beach, CA 90254
  • $14,700,000
  • STATUS: ACTIVE
  • ON SITE: 84 Days
  • ID#: SB23172872
UPDATED: 87 min ago
$14,700,000
  • 4
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Iconic Hermosa Beach trophy property, The Beach House, is now available with a 3.08% Assumable Interest Only Loan - Matures 6/1/2030. This fully furnished renovated property sits just a few doors from the Hermosa Strand and Hermosas world class volleyball and beaches. Completely renovated in 2019 with another refresh in 2022 by the current owners, this property is fully stabilized with a 3.08% assumable interest only loan. This 3.08% loan is like going back in time and even better, it does not mature until June 1, 2030. It includes 15 1-bedroom/1-bath units and one 2-bedroom/2-bath unit, each loaded with amenities. Your tenants just have to unpack their clothes and start renting at strong proven rents. The units include washer/dryer, television, wifi, heating and cooling, stainless steel appliances, and beautiful interiors. The courtyard is truly a unique gathering place for all tenants. It includes 3 large TVs, full WIFI coverage, a built-in bbq, custom fire-pit, full size bar and 5 daybeds. The amenities continue with an on-site workout room/gym and 16 enclosed garages. The property is fully gated within an amazing community just steps from Pier Avenue and the bars, restaurants, yoga studios and other attractions. Again, don't forget you can go back in time and get a 3.08% Assumable Interest Only Loan - Matures 6/1/2030. Iconic Hermosa Beach trophy property, The Beach House, is now available with a 3.08% Assumable Interest Only Loan - Matures 6/1/2030. This fully furnished renovated property sits just a few doors from the Hermosa Strand and Hermosas world class volleyball and beaches. Completely renovated in 2019 with another refresh in 2022 by the current owners, this property is fully stabilized with a 3.08% assumable interest only loan. This 3.08% loan is like going back in time and even better, it does not mature until June 1, 2030. It includes 15 1-bedroom/1-bath units and one 2-bedroom/2-bath unit, each loaded with amenities. Your tenants just have to unpack their clothes and start renting at strong proven rents. The units include washer/dryer, television, wifi, heating and cooling, stainless steel appliances, and beautiful interiors. The courtyard is truly a unique gathering place for all tenants. It includes 3 large TVs, full WIFI coverage, a built-in bbq, custom fire-pit, full size bar and 5 daybeds. The amenities continue with an on-site workout room/gym and 16 enclosed garages. The property is fully gated within an amazing community just steps from Pier Avenue and the bars, restaurants, yoga studios and other attractions. Again, don't forget you can go back in time and get a 3.08% Assumable Interest Only Loan - Matures 6/1/2030.

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San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
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60 15th Street Hermosa Beach, CA 90254

  • Price: $14,700,000
  • Status: ACTIVE
  • On Site: 84 Days
  • Updated: 87 min ago
  • ID#: SB23172872
4
Beds
0
Baths
0
½ Baths
0.2
Acres
Neighborhood:
Hermosa Beach (90254)
County:
Los Angeles
Area:
Hermosa Beach (90254)
Property Description
Iconic Hermosa Beach trophy property, The Beach House, is now available with a 3.08% Assumable Interest Only Loan - Matures 6/1/2030. This fully furnished renovated property sits just a few doors from the Hermosa Strand and Hermosas world class volleyball and beaches. Completely renovated in 2019 with another refresh in 2022 by the current owners, this property is fully stabilized with a 3.08% assumable interest only loan. This 3.08% loan is like going back in time and even better, it does not mature until June 1, 2030. It includes 15 1-bedroom/1-bath units and one 2-bedroom/2-bath unit, each loaded with amenities. Your tenants just have to unpack their clothes and start renting at strong proven rents. The units include washer/dryer, television, wifi, heating and cooling, stainless steel appliances, and beautiful interiors. The courtyard is truly a unique gathering place for all tenants. It includes 3 large TVs, full WIFI coverage, a built-in bbq, custom fire-pit, full size bar and 5 daybeds. The amenities continue with an on-site workout room/gym and 16 enclosed garages. The property is fully gated within an amazing community just steps from Pier Avenue and the bars, restaurants, yoga studios and other attractions. Again, don't forget you can go back in time and get a 3.08% Assumable Interest Only Loan - Matures 6/1/2030. Iconic Hermosa Beach trophy property, The Beach House, is now available with a 3.08% Assumable Interest Only Loan - Matures 6/1/2030. This fully furnished renovated property sits just a few doors from the Hermosa Strand and Hermosas world class volleyball and beaches. Completely renovated in 2019 with another refresh in 2022 by the current owners, this property is fully stabilized with a 3.08% assumable interest only loan. This 3.08% loan is like going back in time and even better, it does not mature until June 1, 2030. It includes 15 1-bedroom/1-bath units and one 2-bedroom/2-bath unit, each loaded with amenities. Your tenants just have to unpack their clothes and start renting at strong proven rents. The units include washer/dryer, television, wifi, heating and cooling, stainless steel appliances, and beautiful interiors. The courtyard is truly a unique gathering place for all tenants. It includes 3 large TVs, full WIFI coverage, a built-in bbq, custom fire-pit, full size bar and 5 daybeds. The amenities continue with an on-site workout room/gym and 16 enclosed garages. The property is fully gated within an amazing community just steps from Pier Avenue and the bars, restaurants, yoga studios and other attractions. Again, don't forget you can go back in time and get a 3.08% Assumable Interest Only Loan - Matures 6/1/2030.
Exterior Features

Exterior Stucco Lot Dimensions Approx 90x95 Pool N/K Site Curbs Spa N/K

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Range Oven 16 Units With Refrigerators 16 Units With Washers 16

Property Features

Actual Cap Rate 3.72 Annual Expense Actual 218945 Assessments N/K Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 19.26 Gross Scheduled Income Actual 786600 Possession Close of Escrow Security Gated Community Tenant Pays Cable TV Terms Land Contract Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 4100.0 Unit2 Rent Actual 4000.0 Unit3 Rent Actual 3850.0 Unit4 Rent Actual 4250.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Steven Mullins of Vista Sothebyã¢Â‚¬Â„¢S International Realty: 310-901-4687. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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