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615 11th St, Hermosa Beach, CA 90254

List Price: $2,990,000On Market FlagOn market
Feb 7, 20255,586 sqft8 beds7 baths
Listed by: Melissa Macfadyen
License #: 01005574
Phone #: 310-820-0195
Compass
Source:
CRMLS Logo
MLS #: 25496133

Property Description

Introducing a unique investment opportunity. Cash or hard money loan only. This duplex property presents two freestanding townhomes, ideal for those seeking versatility in a prime coastal location. Each unit boasts multi-level living areas, designed with high ceilings, enhancing the sense of openness and comfort. Functionality meets convenience with in-unit washer/dryers and air conditioning, ensuring a modern living experience. Parking is ample, with an attached double garage per unit, supplemented by an additional open space, providing a total of 5 parking spaces. The front unit has a roof deck. While the front townhome requires a full restoration due to fire damage, the rear unit remains unaffected and tenant-occupied, delivering immediate income potential. Current annual income from rear unit is $75,300. Tenants to remain at close of escrow and seller will not deliver the rear unit vacant. This property is offered as a successor trustee sale, "as-is," inviting buyers to explore the possibilities of renovation and reimagining this coastal gem. Strategically located less than a mile from the beach and near essential amenities like Vons, Trader Joes and the Hermosa Beach Community Center, this property offers not only a home but a lifestyle imbued with the charm of Hermosa Beach. For more information, please contact the listing agent.
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

$47,208

TurboHome Estimated Value

$3,068,600

$549 sqft

High Valuation
$3,222,030
$577/sqft
Normal Valuation
$3,068,600
$549/sqft
Low Valuation
$2,915,170
$522/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$549/sqft$3,068,600

Location

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