1022 17th St

Hermosa Beach, CA 90254 View Map $1,725,000 Ask a Question
Sq.Ft. Lot5,607
Year1956
1022 17th St Hermosa Beach, CA 90254 | MLS SB20135816 Photo 1
1022 17th St Hermosa Beach, CA 90254 | MLS SB20135816 Map
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Status: Sold
Property Type:Duplex
MLS #:SB20135816
Date Sold:12/18/2020
Lot Size:5,607 Sq. Ft.
County:Los Angeles
This is one of those rare properties that has been coveted over the years by developers and buyers that want to develop for themselves. It hasn't ever been available for sale until now! Why has it been covered? Firstly it's perched high in the Hermosa Hills and promises commanding views from each of the two townhomes that could be developed, with monstrous panoramic ocean views from the roof decks. The lot is 40 x 140, and because the whole area falls off to the south west and the lot is down-sloping, a new back unit should have excellent vistas to the ocean in the southwest, AND from the front unit one should be able to see over the top of it, and everything else in that direction. 17th Street is a highly sought after street with many newer homes and townhomes. A buyer will, of course, need to verify exactly what can be built and how good the views could actually be. We have drone shots from various heights depicting how good the views could potentially be. There are currently two small homes on the sight. One has a long term tenant paying very low rent. The other unit has been used as storage and needs everything done to it. To be clear, this is a land value proposition. That being said, for the right buyer there may also be a usable income property here.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
12/21/2020$1,699,000$1,725,0001.5%

Community Information

Address:1022 17th St Hermosa Beach, CA 90254
Area:150 - Hermosa Bch East
County:Los Angeles
City:Hermosa Beach
Zip Code:90254

Architecture

Year Built:1956
Stories:1
Number of Buildings: 2
Total Units: 2
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$900 actual rent•$3,200 pro forma
Unit 2: 1 Unit•1 Bed•1 Bath•Unfurnished•$3,200 pro forma
Garage Spaces: 2.0
Parking Total: 2.0

Features / Amenities

Interior Features: AllBedroomsDown
Common Walls: No Common Walls

Property Features

Lot Size: 0.13 Acres / 5,607 Sq. Ft.
Lot Features: Back Yard, NearPark
View: Catalina, Mountain(s), Ocean, Panoramic, Water
Sewer: Public Sewer
Water: Public
Zoning:HBR2YY
Directions:Prospect Avenue to 17th Street

Tax and Financial Info

Buyer Financing: CashtoNewLoan
Gross Income: $10,800
Gross Scheduled Income: $10,800
Net Operating Income: $10,700
Insurance Expense: $1,200
New Taxes Expense: $18,700
Trash Expense: $600
Water/Sewer Expense: $1,000
Operating Expense: $21,500
Terms: CashtoNewLoan
Total Actual Rent: $9

Listing Agent/Office

Listing provided courtesy of Greg Geilman, RE/MAX Estate Properties.

Schools

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Based on information from California Regional Multiple Listing Service, Inc. as of September 28, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
Property Summary:
Home for sale at .

Description: The home at 1022 17th St Hermosa Beach, CA 90254 with the MLS Number SB20135816 is currently listed at $1,725,000 and has been on the Hermosa Beach market for 288 days.

GeoCoordinates:
-118.391319
33.867452

List Price: $1,725,000

You are viewing the MLS property details of the home for sale at 1022 17th St Hermosa Beach, CA 90254, which includes 0 bedrooms, 0 bathrooms and has approximately 0 sq.ft. of living area.