Hermosa Beach, CA 90254,444 Ocean View AVE
Hermosa Beach, CA 90254,444 Ocean View AVE
Hermosa Beach, CA 90254,444 Ocean View AVE
69
$1,925,000
$1,999,000
3.7%
Est.Price: ?

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4,360 Sqft Lot

444 Ocean View AVE Hermosa Beach, CA 90254

Est. payment /mo
SOLD DATE : 05/31/2024

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Key Details

Sold Price $1,925,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24001321

Sold Date 05/31/24

HOA Y/N No

Lot Size 4,360 Sqft

Property 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.

Location

State CA

County Los Angeles

Area 150 - Hermosa Bch East

Zoning HBR2YY

Interior

Fireplace No

Exterior

Community Features Curbs, Water Sports

View Y/N Yes

View Neighborhood, Ocean

Building

Lot Description 0-1 Unit/Acre, Tear Down

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4186019003

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Alex Wolf • Compass
Bought with Steven Mullins • Vista Sotheby’s International Realty

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agent

Leo Chen

Agent | License ID: 01958853

+1(949) 238-2346

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