201 28th St, North Hermosa

​4 bed 3 bath Front Unit      2 bed 1.75 bath Rear Unit      $2,400,000    SOLD

201-28th.com

Ocean View Duplex Investment Opportunity


Welcome to 201 28th Street, an ocean view duplex just a block from the beach.  Located equidistant between the Hermosa and Manhattan Piers, this sought-after north Hermosa neighborhood has a wonderful community feel with easy access to both downtown areas as well as a variety of neighborhood restaurants and shops.

There are two townhome-style rental units:  a 4 bed/3 bath front unit (current rent $4,250/mo, approximately 1,443 sf);  and a 2 bed/2 bath rear unit (current rent $2,300, approximately 1,132).  Both units have upside potential, and feature private balconies and great ocean views.

Whether you’re a traditional buyer, investor or developer, the lot and location offer an abundance of possibilities.

  • Buy and hold with built-in reliable rental income and for capital appreciation. Renovate existing original interiors for added value and significant upside in rents.  Estimated potential rents are $6,000 & $3,200 = 3.3 cap.  See financial breakdown.

  • Live in one unit and rent the other for an affordable beach lifestyle while your tenant helps to payoff your mortgage.

  • Build a brand new single family home with panoramic ocean views and an estimated 3,600 square feet.  The separation from neighboring homes would make for sit down views from the entire 2nd and 3rd levels.

Regardless of how you chose to utilize this property, its location, full lot and unit configuration are a winning combination.

Square footage per appraisal. Buyer to verify.

 

Karynne Thim

DRE# 01161295

+1 310 753 7816

kt@ktbeachproperties.com

Keith Kyle

CalBRE# 01712785

+1 310 251 2344

keith@keithkylehomes.com

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