42 7th Court, Hermosa Beach, CA 90254

About this property

Great investment opportunity to own an income producing Duplex on a prime family friendly walk-street in the sand section of Hermosa Beach! Rent both or live in the Walkstreet Classic Beach Bungalow and use the rent for the back to cover the payment on $1 Million or your mortgage (at today's mortgage rates). This property consists of a newly remodeled 2BR/1BA unit above the garage and a 3BR/2BA home below. Full oversized 30x95 lot sits on the north side of 6th street. This highly desirable sand section property is perfectly located in proximity to the downtown shops and restaurants. Alternatively, this investment site can be developed into an enormous single family home! Current income is $8500/mo and Proforma is $9500/mo.

Listing description from the March 2016 sale, as reported to CRMLS.

Sale history

$3,150,000

Sold March 2016 · listed $2,999,000, on market March 2016 · MLS #SB16050581 · Source: CRMLS

Listing Agent: J. Gregory Maffei · Listing Office: RE/MAX Estate Properties · Contact: 310-376-2225 · Bought with: Molly Hobin · The Hobin Company

$2,600,000

Sold April 2015 · listed $2,899,999, on market January 2015 · MLS #SB15001355 · Source: CRMLS

Listing Agent: Matthew Adamo · Listing Office: One Pacific Real Estate · Contact: 310-893-1989 · Bought with: John Maffei · Re/Max Execs Redondo Beach

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