Hermosa Beach, CA 90254 60 15th Street

$14,700,000

Sold: Apr 30, 2024

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Presented By: Steven Mullins with Vista Sotheby’s International Realty;

MLS# SB23172872
09/15/2023

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SQFT • 7,903
Garage • 16

Home Details

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 Hermosa’s 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.

Presented By: Steven Mullins with Vista Sotheby’s International Realty;

General for 60 15th Street

AccessibilityNone

Additional Parcels Y/NNo

AppliancesDishwasher, ElectricCooktop, ElectricOven, Disposal, Microwave, Refrigerator, RangeHood, Dryer, Washer

Architectural StyleContemporary

Attached Garage No

Building Area UnitsSquareFeet

Buyer FinancingAssumed

Cap Rate3.72

Carport Y/NNo

CityHermosa Beach

Close Price13887500.0

Community FeaturesBiking, Curbs, Fishing, WaterSports, Gated, Park

Construction MaterialsStucco

CoolingDuctless

CountyLos Angeles

Current FinancingAssumable

Days on Market152

DirectionsWest of Hermosa Avenue

ElectricElectricityOnProperty

Electric Expense0.0

Entry Location1

Exterior FeaturesFirePit

Facing DirectionNorth

Fuel Expense0.0

Garage Spaces16.0

Garage Y/NYes

Gross Income786600.0

HOA / Comm AssnNo

HeatingDuctless

Home Warranty Y/NNo

Insurance Expense9600.0

Interior FeaturesBalcony, CeilingFans, Furnished, MultipleStaircases, QuartzCounters, RecessedLighting

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsTwo

Listing TermsContract

Lot Size Square Feet8573.0

MLS Area148 - Hermosa Bch Sand

MaintenanceExpense10800.0

MobileHomeRemainsYNNo

Net Operating Income547302.0

New ConstructionNo

Number of Units Leased16

Operating Expense215700.0

Pool FeaturesNone

PossessionCloseOfEscrow

Private PoolNo

Property Attached Y/NYes

Property ConditionTurnkey

Property Sub Type AdditionalApartment

Property SubTypeApartment

Property TypeResidentialIncome

Rent Control Y/NNo

RoofFlat

Security FeaturesCarbonMonoxideDetectors, GatedCommunity, SmokeDetectors

Senior Community Y/NNo

SewerPublicSewer

Spa FeaturesNone

Special Listing ConditionsStandard

Standard StatusClosed

StatusClosed

Stories2

Street Name15th

Tax Lot14

Taxes$165,000

Tenant PaysAllUtilities, CableTV, ExteriorMaintenance

Total Actual Rent65550.0

Total Units16

Trash Expense0.0

UtilitiesCableAvailable, ElectricityAvailable, ElectricityConnected, SewerConnected, WaterAvailable, WaterConnected

ViewOcean

View Y/NYes

Virtual TourClick here

Water Sewer Expense0.0

Waterfront FeaturesAcrosstheRoadfromLakeOcean, BeachAccess, OceanSideOfHighway

Waterfront Y/NNo

Year Built1959

Year Built SourceAssessor

ZoningHBR3YY

Interior for 60 15th Street

Air Conditioning Y/NYes

Basement (Y/N)No

BuyerOfficeEmailNONE@CRMLS.ORG

Common WallsItem2CommonWalls

Electric On Property Y/NNo

Entry Level1

Fireplace FeaturesGas

Fireplace Y/NYes

FlooringLaminate

Heating Y/NYes

Laundry FeaturesInside

Street SuffixStreet

Total Stories2

Exterior for 60 15th Street

Building Area Total7903.0

Crops Included Y/NNo

FencingSecurity

Foundation DetailsSlab

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot Dimensions90x95

Lot FeaturesLevel, NearPark

Lot Size Acres0.1968

Lot Size Area8573.0

Lot Size SourceAssessor

Lot Size UnitsSquareFeet

LotDimensionsSourceAssessor

Number of Buildings1

Number of Separate Electric Meters1

Number of Separate Gas Meters1

Number of Separate Water Meters1

Open Parking Y/NNo

Parking FeaturesGarageFacesFront, Garage, GarageDoorOpener, OnSite, Private, GarageFacesRear

Road Frontage TypeCityStreet

Road Surface TypePaved

SpaNo

Total Parking16.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $14,700,000

MLS#SB23172872

List Date 09/15/2023

Property Type Multi-Family

Phone 714.964.3311

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Hermosa Beach, CA 90254 60 15th Street

$14,700,000

Home Details

General for 60 15th Street

Interior for 60 15th Street

Exterior for 60 15th Street

Additional Details

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First Team Client Services

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