1101 – 1103 Cypress Ave, Hermosa Beach, CA 90254

1101 – 1103 Cypress Ave, Hermosa Beach, CA 90254

Hermosa Beach, CA

Property Description

In escrow as a redevelopment site for two townhomes. Sand section duplex in great location adjacent to downtown. Each unit is 2 bed & 1 bath approx 800 sq ft. Walking distance to beach, park, shops and restaurants. Mostly original condition and occupied by long term tenants. Great upside potential on rents. Prime corner location with potential to build 3 townhomes. Lot price per sq foot of $239 is much better than any other local comparables. Great property for buyer with a “vision for the future”. Buyer to verify sq footage and zoning with city. Showings subject to inspection. DO NOT DISTURB TENANTS. Buyer to co-operate with sellers 1031 exchange at no cost to buyer

Property Features

  • Sale Price: $1,200,000
  • Area Size: 1675 Sq Ft
  • Year Built: 2013
  • Listing Date: Feb 13, 2014
  • Closing Date: Mar 27, 2014
  • Units: 3

Lyon Stahl Investment Real Estate

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