$2,195,000
Off Market

444 Ocean View Avenue

Hermosa Beach, CA 90254
1319 sqft | 1 bed | 2 baths | 0.10 acres | #SB23162066
Listing OfficeCompass
Type:Purchase
Structure:House
Zone:Residential

Description

Tremendous opportunity for developers and owner/users alike. Project is shovel ready, and includes fully-approved, ready-to-issue permits. Purchase includes architectural plans for two stunning, detached coastal-modern townhomes conceptualized by Wolf Brothers Development and designed by Mark Trotter of Trotter Building Designs. Concave, R2 lot offers the potential for spectacular, panoramic ocean views from both units. Projected building costs and recent sales comps make this an excellent ROI opportunity. // Plans show 6,336 total square feet split between two luxurious freestanding, multi-level homes each with an elevator. UNIT A: 3 beds, 4 baths, 2,671sf of living space, with 706sf of decks including a huge rooftop deck. UNIT B: 4 beds, 5 baths, den, bonus room, 3,665sf of living space, with 528sf of decks. Both units offer MASSIVE ocean views stretching from Palos Verdes to Malibu. // Run the numbers, you’ll like what you see: comps easily support $950-$1,000/sf. Location is excellent: steps to award-winning schools, world-famous beaches, fine dining, and lively nightlife. Buy today and bypass the 1-2 years waiting for permits with the city building department. All due diligence is completed, you can start building these beautiful homes immediately. // View the YouTube link for an immersive video flythrough of the finished property. Please contact listing agent for floor plans and further details.

  • Interior Details
      • Bedrooms1
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Lot DescriptionItem01UnitAcre
      • ViewOcean
      • Stories1
    • Measurements
      • Acres0.1001
      • Square Feet1319
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1949
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • School DistrictManhattan Unified
      • CountyLos Angeles
      • High SchoolMira Costa
  • Financial Details
      • Original List Price$2,380,000
      • Buying Agency Compensation2.500
  • Other
      • MLS #SB23162066
  • -
      • Garage Spaces2

Location

Lynn O'NeilReal Estate Group

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