Vintage California Beach Cottage Duplex
3 bedrooms + studio • 3 baths • 1,973 sf per assessor • Extra Wide 40’ x 75’ lot •
Zoned R3 30’ height limit • Built in 1912 • $2,499,000
718 Hermosa Ave, Hermosa Beach, CA 90254
Your Flex-Use Vintage California Beach Cottage awaits! Freshly painted inside and out, with new flooring, ceiling fans, lighting and landscaping, an inviting, beachy character shines through. Classic charm like this simply can’t be replicated in newer buildings, and there’s a further value-add opportunity by upgrading the kitchens and bathrooms.
As a duplex, this property provides many flexible and versatile use options:
Hold it as a legacy investment property to build generational wealth as the current owners have.
Live in one of the units and rent out the other for income - the rent will offset about $900k of your mortgage, making it a compelling effective net purchase of $1.6m.
Use it as a fun vacation home or vacation rental where the side-by-side units provide co-living for extended family/kids in their own private spaces.
Set your children up to live in a family-owned property while they attend college or start their professional life, then retain for investment or build your dream home.
Develop a beautiful new 4,400+ sf 3 story home with an ADU that would be worth approx. $5.5m in today’s market.
Positioned on a coveted west-facing 40’ extra-wide lot, the building’s side by-side units are currently configured as follows:
South Side: 2 bedroom, 1 bath
North Side: 1 bedroom, 1 bath in the front; studio and bath in the back
All units are vacant except the 1 bedroom 1 bath*, giving the new owner the ability to maximize market rents, occupy the property and/or further renovate the building. Each unit has some outdoor space to enjoy the glorious weather and sunshine.
*Tenant has been there 6 years, is paying under-market rent of $1,650/month and is month-to-month.
This is a fun and active, car-optional location, ideal for beachgoers who love being in the mix and close to Pier Plaza’s restaurants and shops, The Strand, and summer beach concerts. Hermosa’s pristine wide sandy beach is just 8 doors away and is the favored training ground of pro beach volleyball players including Olympic Gold Medalists Alix Klineman and April Ross among many others. It’s all about life by the beach here.