Est. cap rate

1.3%

Assumed rent, all units

$10,800/mo

Units

2

Price per unit

$2,497,500

Est. annual NOI

$64,800

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

7

Bathrooms

6

Building size

4,623 sqft

Lot size

5,677 sqft

Year built

1983

Stories

2

Garage spaces

4

Cooling

See Remarks

Pool

None

View

Ocean

Status

Active

Days on market

2

MLS #

245269810

About this property

A rare opportunity to own a distinctive coastal property in one of Hermosa Beach's most sought-after neighborhoods, this exceptional offering presents two private residences with total livable sqft of 4623 on an expansive 5,677-square-foot homesite, offering an extraordinary blend of coastal luxury, flexibility, ocean views, and enduring value. Privately situated at the rear of the property, the thoughtfully renovated main residence has been expanded and reconfigured with permits to encompass approximately 3,823 square feet, now featuring five bedrooms and five bathrooms. Bathed in natural light, the open-concept floor plan showcases a beautifully appointed kitchen with granite countertops, custom cabinetry, and stone accents that flow seamlessly into expansive living and dining spaces anchored by a classic wood-burning fireplace. Designed to embrace Southern California's indoor-outdoor lifestyle, the second level opens to an expansive ocean-view alfresco dining terrace, where sweeping ocean views and sea breezes create the perfect setting for entertaining, dining, or relaxing at sunset. The newly reimagined primary suite offers a private retreat with a spacious walk-in closet, spa-inspired bath, and private ocean-view balcony. A versatile lower-level den provides flexible living space ideal for a home office, media room, guest suite, or optional sixth sleeping area, with direct access to a private patio. Thoughtful improvements include new flooring, new insulation, updated plumbing, a new tankless water heater, fresh interior and exterior paint, and beautifully remodeled bathrooms. Completing this exceptional offering is a meticulously maintained private detached residence featuring two bedrooms, one bathroom, inviting living and dining areas, an interior laundry room, and a secluded rear patio. Whether accommodating extended family, welcoming guests, or providing additional private living space, this residence enhances the property's versatility. Properties offering this combination of scale, versatility, permitted renovations, ocean views, and two private residences are seldom available in Hermosa Beach. Whether enjoyed as a private coastal retreat, a multigenerational residence, or an opportunity to explore future possibilities, this is an exceptional offering in one of the South Bay's premier beach communities. A truly rare offering where coastal luxury, flexibility, ocean views, and two private residences come together —all on a single APN.

Location

832 15th

Hermosa Beach, Los Angeles, CA, 90254