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24 11th Ct, Hermosa Beach, CA 90254

Sale Price: $2,415,000
Aug 15, 20241,622 sqft3 beds3 baths
Listed by: Rubina Ryono
License #: 01462342
Phone #: 310-544-6100
Keller Williams Palos Verdes
Source:
CRMLS Logo
MLS #: SB24158428

Property Description

Beach life, at a spectacular price! A remarkable opportunity awaits you in the heart of Hermosa Beach, one of the most desirable and sought-after coastal towns. Just steps away from white sandy beaches, sparkling blue waters, and breathtaking sunsets, this triplex offers the chance to own your slice of coastal paradise where the beach is practically your backyard. Whether you're an investor, a first time-homebuyer or looking to downsize from a large home, enjoy this versatile property all to yourself or with friends and family. This triplex has endless potential! Live in the charming front bungalow while renting out the rear units, or choose to rent out all three units for maximum income. All units vacant, allowing you to rent them out at current market rates. The front of the property, facing 10th Street, features a detached, 1-bedroom, 1-bathroom beach bungalow. This cozy home offers a sun-filled living room, a welcoming dining area, and a bright, spacious kitchen with ample cabinetry—perfect for preparing your favorite meals. At the rear of the property, facing 11th Court, you'll find a detached two-story building. The lower and upper units each have 1 bedroom and 1 bathroom, with separate entrances for added privacy. The upper unit boasts a stunning view of the beach. Additionally, each unit has its own private laundry area, eliminating the need for tenants to seek out a laundromat. A spacious courtyard and patio separate the front bungalow from the rear units, creating the feel of two distinct properties. These outdoor spaces provide plenty of room for gatherings, summer barbecues, and soaking up the coastal ambiance. Whether you're seeking an investment opportunity or a personal beachside retreat, this coastal gem promises the lifestyle you've always dreamed of. With the upcoming LA28 Olympics and the growing demand for rentals, this is a long-term investment that will pay off for years to come. Located just a block from the vibrant Pier Avenue and everything Hermosa Beach offers, you'll never have to drive again. You’re walking distance with immediate access to top-rated gourmet restaurants, coffee shops, boutiques, gyms, yoga studios, grocery stores, library, farmers market and so much more. Plus, with Manhattan Beach and Redondo Beach just a mile away, you're at the center of the best that coastal living has to offer. This is the beach life you've always dreamed of- make it your reality today!
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$37,356

TurboHome Estimated Value

$2,620,200

$1,615 sqft

High Valuation
$2,751,210
$1696/sqft
Normal Valuation
$2,620,200
$1615/sqft
Low Valuation
$2,489,190
$1535/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1615/sqft$2,620,200

Neighborhood

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Comparative Value

$1.65M

$1.82M

$2.00M

$2.38M

$2.75M

934 Manhattan Ave, Hermosa Beach, CA 90254

Sale Price: $1,650,000

Selected Comparable

840 Loma Dr 4, Hermosa Beach, CA 90254

Sale Price: $1,825,000

Selected Comparable

516 Bayview Dr, Hermosa Beach, CA 90254

Sale Price: $1,995,000

Selected Comparable

802 Bard St, Hermosa Beach, CA 90254

Sale Price: $2,380,000

Selected Comparable

24 11th Ct, Hermosa Beach, CA 90254

Sale Price: $2,415,000

Selected Comparable

24 11th Ct, Hermosa Beach, CA 90254

List Price: $2,750,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
24 11th Ct, Hermosa Beach, CA 90254

24 11th Ct, Hermosa Beach, CA 90254

List: $2,750,000

Listed: 8/15/2024

Area:1,622 sqft
Price/sqft:$1,695
Beds:3
Baths:3
Year Built:
Lot Size:2,853

Comparable Properties

COMPARABLE
Choose comps
24 11th Ct, Hermosa Beach, CA 90254

24 11th Ct, Hermosa Beach, CA 90254

Sale: $2,415,000

12/9/20240.00 mi

Area:1,622 sqft
Price/sqft:$1,489
Beds:3
Baths:3
Year Built:
Weight:22.7%
802 Bard St, Hermosa Beach, CA 90254

802 Bard St, Hermosa Beach, CA 90254

Sale: $2,380,000

7/25/20250.35 mi

Area:1,920 sqft
Price/sqft:$1,240
Beds:3
Baths:3
Year Built:
Weight:21.2%
840 Loma Dr 4, Hermosa Beach, CA 90254

840 Loma Dr 4, Hermosa Beach, CA 90254

Sale: $1,825,000

12/13/20240.25 mi

Area:1,846 sqft
Price/sqft:$989
Beds:3
Baths:3
Year Built:
Weight:19.9%
516 Bayview Dr, Hermosa Beach, CA 90254

516 Bayview Dr, Hermosa Beach, CA 90254

Sale: $1,995,000

6/4/20250.30 mi

Area:1,367 sqft
Price/sqft:$1,459
Beds:3
Baths:2
Year Built:
Weight:18.6%
934 Manhattan Ave, Hermosa Beach, CA 90254

934 Manhattan Ave, Hermosa Beach, CA 90254

Sale: $1,650,000

12/31/20240.14 mi

Area:1,702 sqft
Price/sqft:$969
Beds:4
Baths:3
Year Built:
Weight:17.7%

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