Skip To Content

60 15th Street

Hermosa Beach, CA 90254
  • $14,995,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: SB23172872
$14,995,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Steven Mullins of Vista Sothebyã¢Â‚¬Â„¢S International Realty (310-349-3000)


Description

Iconic Hermosa Beach trophy property, The Beach House, is now available. This fully furnished renovated property sits just a few doors from the Hermosa Strand and Hermosas 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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143445709
Print Image

60 15th Street Hermosa Beach, CA 90254

  • Price: $14,995,000
  • Status: Active
  • On Site: 14 Days
  • MLS #: SB23172872
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1959
Built
Neighborhood:
148 - Hermosa Bch Sand
County:
Los Angeles
Area:
148 - Hermosa Bch Sand
Property Description
Iconic Hermosa Beach trophy property, The Beach House, is now available. This fully furnished renovated property sits just a few doors from the Hermosa Strand and Hermosas 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.
Exterior Features

Architectural Style Contemporary Construction Materials Stucco Direction Faces North Entry Level 1 Entry Location 1 Exterior Features Fire Pit Fencing Security Foundation Details Slab Lot Features LevelNear Park Number Of Separate Electric Meters 1 Parking Features Garage Faces FrontGarageGarage Door OpenerOn SitePrivateGarage Faces Rear Parking Total 16 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Flat Spa Features None Spa YN No View Ocean View YN Yes Waterfront Features Across The Road From Lake/OceanBeach AccessOcean Side Of Highway

Interior Features

Accessibility Features None Appliances DishwasherElectric CooktopElectric OvenDisposalMicrowaveRefrigeratorRange HoodDryerWasher Common Walls 2+ Common Walls Cooling Ductless Cooling YN Yes Fireplace Features Gas Fireplace YN Yes Flooring Laminate Heating Ductless Heating YN Yes Interior Features BalconyCeiling Fan(S)FurnishedMultiple StaircasesQuartz CountersRecessed Lighting

Property Features

Additional Parcels YN No Cap Rate 3.63 Common Interest Community Apartment Community Features BikingCurbsFishingWater SportsGatedPark Current Financing Assumable Electric Electricity - On Property Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 786600 Gross Scheduled Income 786600 Insurance Expense 9600 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Contract Maintenance Expense 10800 Net Operating Income 544057 New Construction YN No New Taxes Expense 165000 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 16 Operating Expense 218945 Other Expense 32400 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Apartment Rent Control YN No Security Features Carbon Monoxide Detector(S)Gated CommunitySmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesCable TvExterior Maintenance Total Actual Rent 65550 Trash Expense 0 Utilities Cable AvailableElectricity AvailableElectricity ConnectedSewer ConnectedWater AvailableWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Hbr3yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371931780-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371931780-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371931780-2.jpg
Logo
The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Steven Mullins of Vista Sothebyã¢Â‚¬Â„¢S International Realty (310-349-3000)