60 15th Street, Hermosa Beach, CA 90254

$14,700,000
List Price
$14,700,000
Price Change
▼ $295,000 1697259246
Status
PENDING
MLS#
SB23172872
Year Built
1959
Lot Size
8,573
Acres
0.20
Lot Location
Level, NearPark
Days on Market
151
Property Type
Multifamily
Style
Contemporary
Property Sub Type
Apartment
Stories
Two Levels

Property Description

Iconic Hermosa Beach trophy property, The Beach House, is now available with a 3.08% Assumable Interest Only Loan - Matures 6/1/2030. This fully furnished renovated property sits just a few doors from the Hermosa Strand and Hermosa’s 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.

Additional Information

Appliances
Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator, Range Hood, Dryer, Washer
Pool Description
None
Fireplace Description
Gas
Heat
Ductless
Cooling
Yes
Cooling Description
Ductless
View
Ocean
Exterior Construction
Stucco
Roof
Flat
Garage Spaces Total
16
Sewer
Public Sewer
Water
Public
Interior Features
Balcony, Ceiling Fan(s), Furnished, MultipleStaircases, QuartzCounters, Recessed Lighting
Attached Structure
Attached
Number Of Units Total
16
Gross Scheduled Income
$786,600
Operating Expense
215700

Listing courtesy of Listing Agent: Steven Mullins (steven@stevenmullins.com) from Listing Office: Vista Sotheby’s International Realty.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.