815 Cypress Ave, Hermosa Beach, CA 90254

Property Description

Rarely does a quality investment like this come to market! This updated duplex is perfect for an owner/user offering the quality of life in the Hermosa Sand Section, contemporary design with loads of sunlight, and privacy. The location is walking distance to the sand, Pier Avenue activities, the farmers market, and just a few steps to one of Hermosa’s coveted parks. The front unit has 3 bedrooms with oversized closet spaces, 2.5 updated bathrooms, a separate laundry room in unit, and indoor/outdoor living with two large sliders opening to the side patio. The rear/West facing unit has a completely updated kitchen (cabinets, counters, appliances), 2 large bedrooms with the master offering a separate outdoor rooftop deck, 2 updated bathrooms, laundry in unit, and an entertainers living area flowing out to an expansive outdoor patio space/yard to truly bring the outdoors in. Building features include new dual pane windows, separate gas/electrical meters, secure entry system, and other recent upgrades made by the current owner over the years. The property can be delivered vacant or occupied with pro forma rental income of $11,200 per month - that's like qualifying for approximately $1M more of a home with the rental income from the front unit alone! (subject to bank lending terms)