Est. cap rate

2.0%

Assumed rent, all units

$8,520/mo

Units

2

Price per unit

$1,249,500

Est. annual NOI

$51,120

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

4

Bathrooms

3

Building size

1,892 sqft

Lot size

3,506 sqft

Year built

1956

Stories

2

Garage spaces

2

Style

Cape Cod

Heating

Electric,Wall Furnace

Cooling

Electric

Pool

None

View

Ocean

Status

Active

Days on market

0

MLS #

249213696

About this property

Ocean view duplex - completely remodeled inside and out! Downstairs unit (2 bed 2 bath): Enjoy your morning coffee on the oversized deck taking in the ocean views. The open floor plan is perfect for entertaining – everyone will gather in the living room underneath the beautiful beams. The cook’s kitchen features stainless steel appliances, quartz countertops and ample storage in cabinets.  The primary bedroom features a beautiful ensuite. Through a barn door and spacious walk-in closet you'll find beautiful tile flooring and dual sinks and a large walk-in shower with decorative tile accents. A second bedroom and full bathroom are across the hall. Upstairs unit (2 bed 1 bath): This spacious upper level unit has spectacular ocean views from the living room. The gorgeous countertops and new cabinetry make a beautiful place to enjoy cooking with family or friends. The large bedrooms have tons of closet space and offer plenty of natural light. Both bedrooms also have air conditioning splits. The balcony is perfect for your morning coffee or dining al Fresca while taking in the scenic ocean views! There are 2 one car garages for each unit with an additional parking space in front of each garage.  Each unit has laundry hook ups inside the garage. Seperate gas and electrical meters for each unit. Located west of PCH this desirable block of Hermosa Beach is close proximity to shops, restaurants and the beach while offering street parking for guests that is hard to find in other areas of the beach cities.

Location

717 Longfellow

Hermosa Beach, Los Angeles, CA, 90254