66 11Th St, Hermosa Beach, CA 90254
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66 11Th St Hermosa Beach, CA 90254

$5,800,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$5,800,000 Get Pre-Qualified

Map preview of 66 11Th St, Hermosa Beach, CA 90254

Property Overview: 66 11Th St Hermosa Beach, CA has -- bedrooms, -- bathrooms, -- living square feet and 2,849 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: SW Beach Hotel is a 9-unit boutique hotel located near the corner of 11th Street and Hermosa Avenue near the pier in the heart of Hermosa Beach, California. Formerly an 11-unit multi-family building, the Property was purchased by its current owner in 2014, operated for several years as a multi-family property before being approved in 2020 and subsequently transformed and reopened as the SW Beach Hotel in 2023. The hotel offers 9 rooms within a two-story, wood-frame I-shaped structure. The primary amenity is the 1800-sf Rooftop Deck, which serves as a guest amenity and also a revenue center when rented out to hotel guests. Guestrooms are unique in design and decor, and range from 184 to 550 square feet. Six of nine rooms offer full kitchens and outdoor patios or balconies. A large 550-square-foot penthouse is proximate and offers easy access to the Rooftop Deck. Each guestroom is individually styled and named.Current ownership spent +/-1 million renovating the hotel, adding a small lobby and a decorative glass atrium and steel frame stair case providing access to a new Rooftop Deck. The hotel features design cues from Las Vegas, 'where Las Vegas and Coastal living collide.' The hotel is positioned as a boutique hotel providing 9 units within steps to the sand and the bustling Pier Plaza district with its numerous restaurants, bars and shops.

Listed by Harry Pflueger | BRE #01219374 | Harry Pflueger, Broker
Last checked: 10 minutes ago | Last updated: September 13th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
2,849
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Other
Status
Active
MLS#
219116630PS
City
Hermosa Beach
County
Los Angeles
Time on Site
5 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $420,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 66 11Th St

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
Laundry Information
  • Upper Level
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 4187004013
Location / Neighborhood
Location Information
  • Directions: Ocean side of Hermosa Avenue on south side of 11th Street. SW Beach Hotel is located 300 feet off the sand and 300 feet off of Pier Plaza. Short walk to the beach, bars and restaurants.
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Sale History for 66 11Th St

Last sold on July 31st, 2013
  • September, 2024

  • Sep 12, 2024

    Date

    Active

    CRMLS: 219116630PS

    $5,800,000

    Price

  • July, 2013

  • Jul 31, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2004

  • Nov 24, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,550,000

    Price

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Tax History for 66 11Th St

Assessed Value (2020): $3,889,829
Year Land Value Improved Value Assessed Value
2020 $2,301,198 $1,588,631 $3,889,829

Home Value Compared to the Market

This property vs the competition

66 11Th St is listed 141.77% higher than the median list price for the city of Hermosa Beach which has a median list price of $2,399,000.

About 66 11Th St

Detailed summary of property

66 11Th St is a other located in Hermosa Beach, CA 90254 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 2,849 square foot lot. 66 11Th St was first listed on ArdentRealEstateGroup.com on September 13, 2024. The homeowner is currently asking $5,800,000. The median priced home in Hermosa Beach is $2,399,000 with a median price per square foot of $1,371. Based on Ardent Real Estate Group's Hermosa Beach Market Data, this home is listed 141.77% higher than the median priced home. Local competing homes currently for sale include 1187 Crenshaw Blvd, 215 E Washington Blvd and 1628 Long Beach Blvd. While the average home in Hermosa Beach, CA is selling in 98 days, 66 11Th St has a days on market of 6 days. There are currently 59 homes for sale in the Hermosa Beach real estate market and 41 of them are single family homes while 10 of them are condos and 8 are townhomes. For more information on this home for sale at 66 11Th St Hermosa Beach, CA 90254 contact Ardent Real Estate Group and we will put you in touch with one of our Hermosa Beach agents.

Public Facts for 66 11Th St

Public county record property details
Beds
--
Baths
11
Year built
1911
Sq. Ft.
4,198
Lot Size
2,921
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14,15
APN
4187-004-013

The source for these homes facts are from public records.

90254 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$1,371
Median Sold Price
$2,510,000
Median Sold Price/Sq.Ft.
$1,290
Total Inventory
59
Median Sale to List Price %
100.44%
Avg Days on Market
33
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (40%), Other (40%)

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Related Resources to 66 11Th St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.