444 Ocean View Avenue , Hermosa Beach, CA - 90254 is For Sale

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$1,999,000· House

Description

Tremendous opportunity for developers and owner/users alike. Project is shovel ready, and includes fully-approved, ready-to-issue permits. Purchase includes architectural plans for two stunning, detached coastal-modern townhomes conceptualized by Wolf Brothers Development and designed by Mark Trotter of Trotter Building Designs. Concave, R2 lot offers the potential for spectacular, panoramic ocean views from both units. Projected building costs and recent sales comps make this an excellent ROI opportunity. // Plans show 6,336 total square feet split between two luxurious freestanding, multi-level homes each with an elevator. UNIT A: 3 beds, 4 baths, 2,671sf of living space, with 706sf of decks including a huge rooftop deck. UNIT B: 4 beds, 5 baths, den, bonus room, 3,665sf of living space, with 528sf of decks. Both units offer MASSIVE ocean views stretching from Palos Verdes to Malibu. // Run the numbers, you’ll like what you see: comps easily support $950-$1,000/sf. Location is excellent: steps to award-winning schools, world-famous beaches, fine dining, and lively nightlife. Buy today and bypass the 1-2 years waiting for permits with the city building department. All due diligence is completed, you can start building these beautiful homes immediately. // View the YouTube link for an immersive video flythrough of the finished property. Please contact listing agent for floor plans and further details.

Features

MLS#: SB24001294
List Price : $1,999,000
Bedrooms : 1
Bathrooms : 2F
Garage : 2
Sq M : 123 M2
Year Built : 1949
Days on market : 111 Days
Gross taxes : N/A
Address : 444 Ocean View Avenue
City : Hermosa Beach
State : CA
Zip Code : 90254
Neighborhood : N/A
Fireplace Features : See Remarks
Stories : 1
Laundry : None, See Remarks
Sale Type : Standard
View : Ocean
 
Property Type : Residential
Total Rooms : Single Family Residence
Original List Price : $1,999,000
Acres : 0.1001
Lot Dimensions : 38' x 116'
Lot Size (Acres) : 0.1001
Water : Public
Sewer : Public Sewer
Pool Desc : None
Cooling : None, See Remarks
Rooms : See Remarks
Driving Directions : 5th Street to Ocean View
Lot Features : 0-1 Unit/Acre
 
Courtesy of : Alex Wolf , Compass

Location

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