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.
Sold for $1,925,000 on 05/31/24
Listing Provided by:
Alex Wolf DRE #01788977 310-362-0596,
Compass,
Alex Wolf DRE #01788977 310-376-8871,
Compass
Bought with: Vista Sotheby’s International Realty
$1,925,000
444 Ocean View Ave, Hermosa Beach, CA 90254
1beds
1,319sqft
Single Family Residence
Built in 1949
4,359 Square Feet Lot
$1,890,100 Zestimate®
$1,459/sqft
$4,980 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 02, 2024 at 09:25am
Listing Provided by:
Alex Wolf DRE #01788977 310-362-0596,
Compass,
Alex Wolf DRE #01788977 310-376-8871,
Compass
Bought with:
Steven Mullins, DRE #01487977
Vista Sotheby’s International Realty
Source: CRMLS,MLS#: SB24001294
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- None, See Remarks
Appliances
- Laundry: None, See Remarks
Features
- Has fireplace: Yes
- Fireplace features: See Remarks
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,319 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Street
- Pool features: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 4,359 sqft
- Dimensions: 38' x 116'
- Features: 0-1 Unit/Acre
Details
- Parcel number: 4186019003
- Zoning: HBR2YY
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Suburban, Sidewalks, Water Sports
Location
- Region: Hermosa Beach
Other
Other facts
- Listing terms: Cash,Cash to New Loan
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Estimated market value
$1,890,100