444 Ocean View Avenue

Hermosa Beach, CA 90254

$1,999,000

Listed Price
1

bed Beds

2

shower Baths

1,319 sqft

straighten $1,515 / sqft

1949

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms 1
Bathroom Information
Bathrooms 2
Fireplace Information
Features See Remarks
Interior Information
Cooling Type None, See Remarks

Listing Information

Address 444 Ocean View Avenue
City Hermosa Beach
State CA
Zip 90254
County Los Angeles
Listing Agent Alex Wolf DRE#01788977
Co-Listing Agent Alex Wolf DRE#01788977
Courtesy Of Compass
MLS SB24001294
List Price $1,999,000
Status Active
Type Residential
Subtype Single Family Residence
Structure Size 1,319
Lot Size 4,359
Year Built 1949
DOM 76

Exterior Information

Maps

Listing information courtesy of: Alex Wolf, Alex Wolf, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 22nd, 2024 at 1:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.