$ 2,595,000
-
$2,595,000
Price -
4
Bed -
5
Bath -
2,707
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing SB1292420 - SMULLSTE
An exceptional opportunity to acquire a multi-unit property in one of Hermosa Beach’s most desirable locations, just a short distance to the beach and moments from the energy of Pier Avenue. Situated on a 31x100 square foot street to street lot - 518 Bayview Drive and 519 Monterey Boulevard - the property records reflect a triplex but the property is currently configured with 4 separate occupied units, along with a separate room currently used for storage (including plumbing), offering immediate rental income with meaningful upside through repositioning and renovation and potential ADU opportunity. The unit mix consists of two 2 bedroom 1 bath units, one 1 bedroom unit, one studio and the extra storage unit. The tax records show 1,678 square feet but the total space measured at 1,747 square feet plus a finished basement of approximately 560 square feet and a storage area of approximately 400 square feet for a total of approximately 2,707 square feet. 518 & 518-1/2 Bayview have been updated, including a recently improved upper unit with modern finishes and interior laundry, while others present a clear opportunity to enhance and capture stronger market rents. Set on a sought-after street surrounded by newer and extensively updated homes, the value here is driven as much by the location and lot as it is by the existing improvements. For investors, developers, or owner-users seeking flexibility and long-term potential, the property offers multiple paths forward. With close proximity to the Strand, local dining, shops, and the Hermosa Beach lifestyle, this is a rare chance to secure a well-located asset with both current income and future upside.
Listing Highlights
Status
Active
Days on Site
15
Property Type
Residential
MLS ®
SB26097503
Year Built
1940
Total Square Footage
2,707
Lot/Acreage
0.07
Interior Details
- Bedrooms: 4
- Bathrooms: 5 Full
- Appliances: Gas Oven, Gas Range
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Near Park,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4188010030
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
518 Bayview Dr Hermosa Beach, CA 90254
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
